Maruti Suzuki cars get COSTLIER, vehicle prices HIKED with immediate effect - check details
Maruti Suzuki India informed about the price hike in a regulatory filing and noted that it has taken the decision to hike prices due to an increase in various input costs.
Maruti Suzuki India (MSI) on Monday, September 6, 2021, said that it has increased the prices of its select models by up to 1.9 percent with immediate effect.
The company informed about the same in a regulatory filing and noted that it has taken the decision to hike prices due to an increase in various input costs. The weighted average price rise in ex-showroom prices (New Delhi) across select models is 1.9 percent, it added.
"In continuation to our earlier communication on 30th August 2021, please note that with effect from 06th September 2021, the Company announced a price change for select models owing to increase in various input costs," the company said in a filing.
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"The weighted average price increase in Ex Showroom Prices (Delhi) across select models is 1.9%," it added.
The carmaker had last month said that a price hike was necessary, as it looks to protect its profitability amid a steep rise in commodity prices.
"With reference to our earlier communications with respect to price increase, 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 had said.
It can be noted that this is Maruti Suzuki's third price hike this year, as per a report by PTI. The auto major has already raised prices in January and April this year, with an overall hike of around 3.5 percent.
As per a Report by PTI, at present, the company sells a range of models from entry-level hatchback Alto to S-CROSS, priced between Rs 2.99 lakh and Rs 12.39 (ex-showroom prices Delhi) lakh, respectively.
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