Maruti Suzuki hikes prices of all models due to increasing input costs

53
0
SHARE
Maruti Suzuki

Maruti Suzuki is all set to increase the prices of its vehicles from September due to the increase in input costs. India’s largest car manufacturer made the announcement in a regulatory filing today.

Bharti Airtel Ltd in focus after its fundraise announcement via rights issue

Maruti Suzuki  “We wish to inform you that over the past year the cost of Company’s vehicles continue to be adversely impacted due to increase in various input costs. Hence, it has become imperative to pass on some impact of the additional cost to the customers through a price rise,” the company said.

In July, Maruti had announced a price change for Swift and all CNG variants owing to an increase in various input costs. The increase in ex-showroom prices (Delhi) is up to ₹15,000 on the above models. The new prices are effective from today, it said.

At present the company sells a range of models from entry-level hatchback Alto to S-CROSS, priced between ₹2.99 lakh and ₹12.39 (ex-showroom prices Delhi) lakh, respectively.

IDBI Bank to divest entire 19% stake in ARCIL