Car firms gear up for new-year price rise

M&M Group CFO Amarjyoti Barua said the company has taken a hedge position.

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He added that some precious metals have risen between 60-80 per cent this year, but M&M's early hedging has cushioned the immediate impact. If the trend continues, however, hedging costs are expected to rise, which in turn would have an effect.

Meanwhile, Honda Cars India confirmed that it is also considering a January hike.

While original equipment manufacturers (OEMs) have not disclosed the quantum of the increases, these typically range between 2-4 per cent across models. In January this year, several major automakers, including Hyundai Motor India, Maruti Suzuki, Mahindra & Mahindra, and JSW MG Motor, raised prices by 3-4 per cent, citing rising input costs, inflation, and higher commodity prices.