Maruti Suzuki raises car prices for fifth time in a year
This is bad news for Maruti Suzuki customers. The company has raised prices for the fifth time in a year. The increased car prices will be applicable from today, which means that if you are booking a Maruti car, you will have to pay the new increased price.
Highlights:
Maruti’s strong blow
The fifth increase in a year
You have to pay more now
Maruti Suzuki Increased Price of Vehicles Again
The country’s largest car maker Maruti Suzuki India (MSI) has once again increased the prices of its vehicles. The company said on Monday (April 18) that it has decided to increase car prices by 1.3 per cent. The company has increased the price because of the increase in various inputs. The new prices will apply to cars booked from April 18, 2022. Maruti has said it will raise prices earlier this month.
The company said that various input costs have increased in the last year. As a result, the company’s vehicle costs are rising. Therefore, the company has decided to increase the price. Shares of the carmaker fell 0.02 percent after the price hike was announced. Maruti has increased the price of its vehicles five times since January last year. With the new growth, Maruti’s cars have become more expensive by 9 percent in the last five quarters. Maruti Suzuki is the largest car manufacturer and exporter.
Some of the company’s models like Swift, Baleno, WagonR, and Dzire are the best-selling cars in India. The company launched the Celerio in a new variant last year. The company then launched the Ertiga Facelift last week at a starting price of Rs 8.25 lakh (ex-showroom). Now the company is preparing to launch the new XL6.
Maruti Suzuki is at the forefront not only in car sales but also in manufacturing. The company produced 1 lakh 63 thousand 392 vehicles in March 2022. It had 1 lakh 59 thousand 211 passenger vehicles and 4 thousand 181 commercial vehicles. Last month, Maruti produced 1 lakh 9 thousand 676 units of hatchbacks. The production of sedan cars was 3,935 units. Also, the production of utility vehicles (SUVs) was 45,600 units.
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