Prime Time Zone, Webdesk: Maruti Suzuki India (MSI) has said that rising cost of goods, especially raw materials used in BS6 vehicles, has led to rising costs for automobile manufacturers. Shashank Srivastava, Executive Director, Marketing and Sales, Maruti Suzuki India, said:
He opined that the challenges in the supply of semiconductors, mainly to the auto industry, were high and that conditions could not be taken lightly despite the normal supply in the current month. At present the demand for raw materials for BS6 vehicles is up to 80 per cent, the demand has increased but the supply is stable. Shashank Srivastava explained that plans are afoot to overcome this. The recent rise in prices in the auto industry has been due to manufacturers of original equipment raising the prices of goods. As a result, companies are seeing higher costs and higher costs. He said decisions would be taken soon accordingly.
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