Good News: Car Prices Stable! Maruti, Tata, Mahindra Hold Off Hikes

• Major auto companies like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra have not increased car prices this year.
• Reasons include stable raw material costs, reduced fuel prices, and a focus on boosting sales amidst intense competition.
• Companies are avoiding price hikes to attract customers, especially before the festive season, and to maintain market share.
• The decision also considers the slow recovery of the rural market, preventing potential negative impacts on sales.
• This stability benefits buyers, allowing them to purchase vehicles without significant budget increases, and may stabilize used car prices.