Maruti Suzuki Hikes Vehicle Prices by Up to 4.3% to Offset Rise in Input Costs

Published:Nov 22, 202318:32
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Maruti Suzuki Hikes Vehicle Prices by Up to 4.3% to Offset Rise in Input Costs

New Delhi, January 15: The nation's largest carmaker Maruti Suzuki India (MSI) on Saturday stated it has elevated costs of its fashions by as much as 4.3 per cent with quick impact to partially offset the influence 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 numerous enter prices. "The weighted average price increase in ex-showroom Prices (Delhi) across models is 1.7 per cent. The new prices are effective from today," the auto main stated in a regulatory submitting. MSI sells a variety of automobiles from Alto to S-Cross priced between Rs 3.15 lakh and Rs 12.56 lakh, respectively. The auto main has already hiked the automobile costs 3 times final 12 months — by 1.4 per cent in January, 1.6 per cent in April and 1.9 per cent in September, taking the overall quantum to 4.9 per cent. Final month, the corporate had acknowledged that it has been pressured to hike costs because of the improve in value of important commodities like metal, aluminum, copper, plastic and valuable metals over the past one 12 months. (That is an unedited and auto-generated story from Syndicated News feed, LatestLY Workers might not have modified or edited the content material physique)

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