Maruti Suzuki Hikes Vehicle Prices by Up to 4.3% to Offset Rise in Input Costs

New Delhi, January 15: The nation’s largest carmaker Maruti Suzuki India (MSI) on Saturday mentioned it has elevated costs of its fashions by up to 4.3 per cent with fast impact to partially offset the impression of the rise in enter prices. The firm has enhanced costs throughout its fashions in the vary of 0.1 per cent to 4.3 per cent owing to improve in numerous enter prices.

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“The weighted average price increase in ex-showroom Prices (Delhi) across models is 1.7 per cent. The new prices are effective from today,” the auto main mentioned in a regulatory submitting. MSI sells a spread of automobiles from Alto to S-Cross priced between Rs 3.15 lakh and Rs 12.56 lakh, respectively.

The auto main has already hiked the automobile costs thrice final 12 months — by 1.4 per cent in January, 1.6 per cent in April and 1.9 per cent in September, taking the entire quantum to 4.9 per cent.

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Last month, the corporate had said that it has been pressured to hike costs due to the rise in price of important commodities like metal, aluminum, copper, plastic and treasured metals over the past one 12 months.

(This is an unedited and auto-generated story from Syndicated News feed, SociallyKeeda Staff could not have modified or edited the content material physique)

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