April 7, 2022
Blog Admin
Maruti Suzuki to hike prices this month
Over the past year, the cost of the company’s vehicles continued to be adversely impacted due to increase in various input costs, the auto major said in a regulatory filing
The country’s largest Passenger car company: Maruti Suzuki India on Wednesday informed about its plans to increase prices of its entire model range this month amid rise in input costs.
During last one year, the cost of the company’s vehicles continued to be adversely affected due to increase in various input costs & Therefore, it has become imperative for the company to pass on some impact of the above additional costs to customers through a price hike.
However, the company did not disclose the quantum of the proposed price hike.
MSI has already hiked vehicle prices by around 8.8 per cent from January 2021 to March 2022 owing to constant increase in input costs.