Maruti Suzuki hikes vehicle prices by up to 19 pc to offset impact of rising input costs
New Delhi Apr 18 PTI The countrys largest carmaker Maruti Suzuki India MSI on Monday said it has increased prices of its entire model range between 09 per cent to 19 per cent with immediate effect The company which currently sells a range of vehicles from Alto to S-Cross said it has taken the decision to hike prices due to an increase in input costs The weighted average price rise with effect from April 18 in ex-showroom prices New Delhi across models is 13 per cent it added MSI has already hiked vehicle prices by around 88 per cent from January 2021 to March 2022 owing to constant increase in input costs Over the past year the cost of the companys vehicles continues to be adversely impacted due to increase in various input costs the auto major had stated in regulatory filing earlier this month With prices of various essential commodities like steel copper aluminium and precious metals going up automakers have been hiking prices on a regular basis to offset the impact Last week Mahindra Mahindra hiked vehicle prices by 25 per cent entailing an increase of up to Rs 63000 Similarly Toyota Kirloskar Motor has increased prices of its entire model range by up to 4 per cent from April 1 Luxury carmakers Audi Mercedes-Benz and BMW have also announced price hikes recently PTI MSS DRR
New Delhi Apr 18 PTI The countrys largest carmaker Maruti Suzuki India MSI on Monday said it has increased prices of its entire model range between 09 per cent to 19 per cent with immediate effect The company which currently sells a range of vehicles from Alto to S-Cross said it has taken the decision to hike prices due to an increase in input costs The weighted average price rise with effect from April 18 in ex-showroom prices New Delhi across models is 13 per cent it added MSI has already hiked vehicle prices by around 88 per cent from January 2021 to March 2022 owing to constant increase in input costs Over the past year the cost of the companys vehicles continues to be adversely impacted due to increase in various input costs the auto major had stated in regulatory filing earlier this month With prices of various essential commodities like steel copper aluminium and precious metals going up automakers have been hiking prices on a regular basis to offset the impact Last week Mahindra Mahindra hiked vehicle prices by 25 per cent entailing an increase of up to Rs 63000 Similarly Toyota Kirloskar Motor has increased prices of its entire model range by up to 4 per cent from April 1 Luxury carmakers Audi Mercedes-Benz and BMW have also announced price hikes recently PTI MSS DRR
