Apropos frequent price hike of locally manufactured and assembled automobiles in past few months. Spokesperson has expressed concern over price surge & has taken a serious view about the frequent price increases by local automobile manufacturers/ assemblers. Spokesperson said that the situation was unacceptable, and the government might consider to initiate regulatory measures which may include fixation of prices under the Price Control revention of Profiteering and Hoarding Act, 1977. Furthermore, he said that the cost structure and justification of price increase had been sought from local manufacturers and assemblers.
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