TVS Motor warns EV prices could rise 10-12% in Q4 if Hormuz crisis persists

· thehindubusinessline.com

Electric vehicle prices could see another 10-12 per cent increase in the fourth quarter if the disruption around the Strait of Hormuz persists and pushes up raw material and logistics costs, Rajat Gupta, Business Head, Commercial Mobility Business, TVS Motor Company, on Wednesday

Electric vehicle prices could see another 10-12 per cent increase in the fourth quarter if the disruption around the Strait of Hormuz persists and pushes up raw...


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