Maruti Suzuki hikes vehicle prices to offset rise in input costs. Check details

The nation’s largest carmaker Maruti Suzuki India (MSI) on Saturday mentioned it has elevated costs of its fashions by as much as 4.3 per cent with speedy impact to partially offset the affect of the rise in enter prices.

The corporate has enhanced costs throughout its fashions within the vary of 0.1 per cent to 4.3 per cent owing to extend in varied enter prices.

“The weighted common worth enhance in ex-showroom Costs (Delhi) throughout fashions is 1.7 per cent. The brand new costs are efficient from immediately,” the auto main mentioned in a regulatory submitting.

MSI sells a spread of vehicles from Alto to S-Cross priced between 3.15 lakh and 12.56 lakh, respectively.

The auto main has already hiked the automobile costs 3 times final yr — by 1.4 per cent in January, 1.6 per cent in April and 1.9 per cent in September, taking the full quantum to 4.9 per cent.

Final month, the corporate had said that it has been compelled to hike costs because of the enhance in price of important commodities like metal, aluminum, copper, plastic and treasured metals over the past one yr.

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