December 2, 2022
Maruti Suzuki India To Increase Car Prices In Q2 FY2022

Maruti Suzuki India has said that the value hike is principally because of a rise in varied enter prices.

Maruti Suzuki India is yet to disclose the quantum of the price hike for its cars.
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Maruti Suzuki India is but to reveal the quantum of the value hike for its vehicles.

Maruti Suzuki India will enhance costs of its automobiles within the second quarter of FY2022. The nation’s largest carmaker formally introduced the identical by a regulatory submitting with the Bombay Stock Exchange (BSE). However, the corporate is but to reveal the quantum of the hike. The Indian carmaker has cited a rise in enter value as the first motive for the value hike and has determined to move on some affect of the extra value to the purchasers. The quantity will range for various fashions.

Also Read: Maruti Suzuki Says Retails Took A Big Hit Due To The Second Wave Of COVID-19​


Maruti Suzuki has stated that the value hike will range from mannequin to mannequin.

In a regulatory submitting on the Bombay Stock Exchange (BSE), Maruti Suzuki stated, “Over the past year the cost of the Company’s vehicles continue to be adversely impacted due to increase in various input costs. Hence, it has become imperative for the Company to pass on some impact of the above additional cost to customers through a price rise.”

The carmaker additional added, “The price rise has been planned in quarter 2 and the increase shall vary for different models.”

This would be the third worth hike from the Indo-Japanese carmaker this yr, which will likely be introduced in Q2, FY 2022. Earlier in January 2021, the corporate had elevated costs for choose fashions by as much as ₹ 34,000, sighting the identical motive for growing enter prices. In April 2021, the carmaker had cited an increase in enter prices to hike costs for choose fashions.


Maruti Suzuki says worth rise has been deliberate in Q2, FY 2022

Also Read: Maruti Suzuki Announces Price Cut On Eeco Ambulance As Government Reduces GST​


Right now, Maruti Suzuki India has 15 fashions in its mixed line-up from Arena and Nexa manufacturers. While its most reasonably priced mannequin, the Alto is priced between ₹ 3 lakh to ₹ 4.60 lakh, its flagship mannequin, the S-Cross is priced from ₹ 8.39 lakh, going as much as ₹ 12.39 lakh (all costs ex-showroom, Delhi).

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