Maruti Suzuki India has announced that the average increase in ex-showroom prices will be around 1.3 per cent, and the revised prices will be effective immediately from April 18, 2022.
see photosMaruti Suzuki is revising the prices upwards due to increase in various input costs
Maruti Suzuki India has announced that it will increase the prices across its model line-up. According to a regulatory filing on the Bombay Stock Exchange (BSE), the average increase in prices ex-showroom, Delhi will be around 1.3 per cent, and the revised prices will be effective from today, April 18, 2022. The company says that it is increasing the prices of all the models due to increase in various input costs. In fact, Maruti Suzuki India had earlier this month announced its decision to increase the prices of vehicles on April 6 itself.
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In a statement issued by the carmaker on April 6, 2022, maruti suzuki Bharat had said, “In the last one year, the cost of vehicles of the Company is being adversely affected due to increase in various input costs. Hence, it has become imperative for the Company to pass on some impact of the above additional costs to the customers. A price hike.”
Maruti Suzuki India had earlier this month announced its decision to increase the prices of the vehicles on 6 April itself.
This is the second price hike announced by the Indo-Japanese carmaker in 2022. Earlier in January, Maruti Suzuki increased the prices of cars across its model line-up in India by 1.7 per cent. Even at that time, the company cited rising raw material costs as the primary reason for the imminent price hike.
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Maruti Suzuki India is not the only automaker in the country to hike the prices of vehicles this year. Audi India, BMW Tata Motors and Toyota India increased the prices of vehicles on April 1, 2022. At the same time, Hero MotoCorp, and Mahindra & Mahindra increased the prices on April 5 and April 14, respectively. While the increase in input cost has certainly been a major reason for the automakers to take this step, yet, it is becoming increasingly common among the automakers to increase the vehicle prices at the start of a new calendar year and a new financial year. Has been a standard practice.
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