Maruti Suzuki to hike car costs this month

The nation’s largest carmaker Maruti Suzuki India (MSI) on Wednesday stated it can improve costs of its whole mannequin vary this month amid rise in enter prices.

Over the previous yr, the price of firm’s autos continued to be adversely impacted as a result of improve in varied enter prices, the auto main stated in a regulatory submitting.

“Therefore, it has become imperative for the company to pass on some impact of the above additional costs to customers through a price hike,” it added.

The firm has deliberate to extend the costs in April and the hike will range for various fashions.

However, the corporate didn’t disclose the quantum of the proposed worth hike.

MSI has already hiked car costs by round 8.8 per cent from January 2021 to March 2022 owing to fixed improve in enter prices.

The firm sells a variety of fashions ranging from Alto to S-Cross within the home market.