Maruti Suzuki to hike automotive costs in Jul-Sep quarter amid rise in enter prices

The nation’s largest vehicle maker Maruti Suzuki India (MSI) on Monday mentioned it’s going to hike costs of its vehicles within the second quarter of the present fiscal on account of enhance within the enter prices.
“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,” Maruti Suzuki India mentioned in a regulatory submitting.
The firm didn’t reveal the quantum of the proposed value hike.

The value rise has been deliberate within the second quarter (July-September interval) of the present monetary 12 months and the rise shall fluctuate for various fashions, the corporate added.
On April 16, Maruti Suzuki introduced the weighted common value enhance in ex-Showroom Prices (Delhi) throughout fashions of 1.6 per cent.

On January 18 this 12 months, the automaker had introduced value hike of choose fashions by as much as Rs 34,000 on account of rise in enter prices.
MSI sells a variety of fashions from entry-level hatchback Alto to S-CROSS, priced between Rs 2.99 lakh and Rs 12.39 (ex-showroom costs Delhi) lakh, respectively.