Maruti Suzuki India Ltd., the country largest carmaker, will increase prices across its model range amid rise in input costs.
Over the past year, car prices continued to be adversely impacted due to increase in various input costs, the company said in an exchange filing on Tuesday. "Therefore, it has become imperative for the company to pass on some impact of the above additional costs to customers through a price hike," the statement read.
Maruti Suzuki has planned to increase the prices in April and the hike will vary for different models. It, however, did not disclose the quantum of the proposed price hike. It had hiked vehicle prices by around 8.8% from January 2021 to March 2022 owing to constant increase in input costs.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The company sells a range of models starting from the entry-level Alto to the top-end S-Cross in the domestic market.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
