After weeks of hypothesis, Maruti Suzuki is lastly growing car prices in India. India’s largest car producer has formally introduced an upwards revision of prices by as much as 1.6% for choose fashions. “The weighted average price increase in ex Showroom Prices (Delhi) across models is 1.6%,” Maruti Suzuki stated in a regulatory submitting.
The worth hike is efficient from Friday, April 16, and can range relying on totally different fashions. Maruti Suzuki automobiles will get costly by as much as Rs 20000 with this enhance in the prices.
The important purpose behind the value hike cited by the Indo-Japenese carmaker is the rising pricing of enter prices comparable to uncooked supplies. In 2021, that is the second worth hike by Maruti Suzuki. Prior to this, the corporate had elevated the prices of its automobiles in January 2021 by as much as Rs 340000, stating the identical purpose: the rising charges of enter prices.
Maruti Suzuki is presently selling15 fashions in its full line-up. These embody Arena and Nexa manufacturers. Right now, the corporate’s most reasonably priced mannequin, the Alto, is promoting between Rs 3 to 4.6 lakh, whereas, its flagship automobile, the S-Cross, is retailing between Rs 8.39 lakh to Rs 12.39 lakh.
However, Maruti Suzuki isn’t the one carmaker that has not too long ago revised car charges. Previously, rival producers comparable to Toyota Kirloskar Motor and Isuzu India had additionally elevated the prices of their automobiles efficient April 2021. In March 2021, Maruti Suzuki India had manufactured 1,72,433 models.
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