Volkswagen has been barred since late 2015 from selling any US diesels and has not said if it will resume diesel sales.
The increased price will be effective from first week of January 2017.
Wadia also said the "alleged reasons for seeking my removal do not even remotely relate to my performance or my conduct as an Independent Director of Tata Motors for 18 years."
Hyundai Motor India Ltd said it will hike prices by up to Rs 1 lakh across models from January to offset higher input costs, fluctuating exchange rates and marketing expenses.
Tata Motors said it will hike prices of its passenger vehicles by up to Rs 25,000 from next month in order to offset increased input costs.
Mercedes-Benz said it has revised downwards its sales growth target for this year in India from an original double digits to flat, mainly due to impact of demonetisation.
Grab said Honda had agreed to invest an undisclosed amount in the firm, and the two companies would form a partnership to develop the ride-sharing technology and related driver education programmes.
He said the company was unable to come up with new products in a very competitive Indian passenger vehicles market.
The company has sold around one lakh vehicles so far in this fiscal year.
Domestic car sales ticked up to 1,73,606 units as against 1,73,111 in November last year while that of commercial vehicles (CVs) was down 11.58 per cent at 45,773 units in November, SIAM said.
Mercedes-Benz India'ssales are done through finances, but a smallpercentage of dispatch takes place through cash route also atdealer level.
Besides, the demonetisation of high currency notes would only impact sale of luxury cars in the country, it noted.
Exports during the month grew by 22 per cent to 2,685 units as against 2,207 units in November last year, the company said.
Monthly sales from trucks manufacturer Ashok Leyland Ltd and tractor maker Escorts gained from a year earlier but fell 23.6 percent and 45.8 percent, respectively, from October.
According to Fitch, the demonetisation of 500/1,000-rupee notes would impact sales of luxury cars and not sales of other automobiles -- two wheelers, small cars and commercial vehicles.
The Indian-owned carmaker built just under a third of Britain's 1.6 million cars last year and showcased its first electric car earlier this month, which will be built in Austria.