Maruti Suzuki hiked costs attributable to improve in enter prices
The nation’s greatest carmaker Maruti Suzuki has hiked costs on chosen fashions from as we speak, April 16, attributable to a rise in numerous enter prices. According to a regulatory submitting by the corporate to the BSE, the weighted common value improve in ex-showroom costs (Delhi) throughout fashions is 1.6 per cent. This is the second value hike on vehicles by the corporate this month, and the third hike since February. The new costs are efficient ranging from Friday, April 16. (Also Read: Maruti Suzuki Sales Drop 6.7% In 2020-21, 1.67 Lakh Units Sold In March )
Automakers throughout the nation have elevated costs this yr attributable to an increase in enter prices. Meanwhile, on April 1, Maruti Suzuki reported its month-to-month auto gross sales. The carmaker reported a whole gross sales of 1.67 lakh models in March 2021, up virtually 99 per cent, in comparison with 83,792 models within the corresponding month final yr.
In a press release, Maruti Suzuki mentioned that the home gross sales within the monetary yr 2019-20 declined 18 per cent and in addition, gross sales in fiscal 2020-21 had been affected because of the COVID-19 disaster. The whole rely of home gross sales, together with the passenger car gross sales and lightweight industrial autos stood at 149,518 models final month, in comparison with 76,976 models within the year-ago interval.
Maruti Suzuki’s whole gross sales, together with home and export, dropped 6.7 per cent within the monetary yr 2020-21, in comparison with the sooner fiscal of 2019-20.
Maruti Suzuki was final buying and selling 0.28 per cent larger at Rs 6,670.40 on the BSE. On Friday, Maruti Suzuki opened on the BSE at Rs 6,675, touching an intra day excessive of Rs 6,782 and an intra day low of Rs 6,611, within the buying and selling session to date.
