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Automakers face raw material shortages, high input cost; Maruti, M&M to pass on price hikes

Updated : December 16, 2020 03:56 PM IST

Automakers around the world are trying to field several supply chain issues. While the widespread shortage of semi-conductors is only the tip of the iceberg, automakers are experiencing shortages of various materials.

Additionally, the auto companies are also facing higher prices of raw materials, leading to an input cost for them soaring.

Companies such as Maruti Suzuki, M&M, Hyundai, and Kia have already announced passing on the price hikes to customers. At this point, companies are in assessment mode to see the collective impact of these shortages and their impact on volumes for the next quarter.

CNBC-TV18’s Alisha Sachdev gets more details.

To know more, watch this video.
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