Maruti Suzuki Hikes Prices By Up To Rs 22,500 To Offset Input Costs

The country's largest carmaker Maruti Suzuki India (MSI) on Friday said it has hiked prices of most of its models by up to Rs 22,500 with immediate effect to partially offset the impact of the rise in input costs.

Barring Celerio and Swift, all the models of the company will be covered under the price increase exercise.

"The company is increasing the price for select models owing to increase in various input costs," the auto major said in a regulatory filing.

The weighted average price increase in ex-showroom prices (Delhi) across models is 1.6 per cent, it added.

The new prices are effective from Friday, MSI said.

The company sells various models ranging from Alto to S-Cross, priced between Rs 2.99 lakh and Rs 12.39 lakh (ex-showroom Delhi).

In March, the car market leader had said that over the past year, the cost of the company's vehicles has been impacted adversely due to an increase in various input costs.

On January 18 this year, the automaker had announced to hike prices of select models by up to Rs 34,000 due to a rise in input costs.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor