Maruti, M&M won't hike car prices in Jan

MARUTI SUZUKI AND Mahindra & Mahindra (M&M) are expected to hold car prices steady in January even as cost pressures persist across the passenger vehicle industry, sources familiar with the matter said. Together, the two automakers account for nearly 54% of India's passenger vehicle market, with Maruti commanding about 41% share and M&M around 13.7%.

- AKBAR MERCHANT

Industry executives said the cautious pricing stance reflects a broader effort to sustain demand momentum that has built up since the rollout of the GST 2.0 reforms, which helped support showroom footfalls and booking pipelines in recent months.