Maruti Suzuki again hikes prices of cars, fifth since January 2021
Business | April 18, 2022 13:40 ISTThe latest hike, Maruti Suzuki said, was necessary in order to partially offset the impact of rise in input costs.
The latest hike, Maruti Suzuki said, was necessary in order to partially offset the impact of rise in input costs.
The model comes with hybrid technology and driven by an all-new advanced six-speed automatic transmission with paddle shifters.
Over the past year, the cost of company's vehicles continued to be adversely impacted due to increase in various input costs, the auto major said in a regulatory filing.
The investment is part of an overall Japanese investment announced during the meeting of Prime Minister Narendra Modi and his Japanese counterpart Fumio Kishida.
The manual trims of the new Baleno model are priced between Rs 6.35 lakh and Rs 8.99 lakh.
The company has enhanced prices across its models in the range of 0.1 per cent to 4.3 per cent owing to increase in various input costs.
The top five export models in 2021 were Baleno, Dzire, Swift, S-Presso and Brezza.
As we near 2021 end, let's take a look at what exciting happened in the automobile sector and top car launches throughout the year.
The price rise has been planned for January 2022, and the increase shall vary for different models, it added. The company sells a range of models, starting from hatchback Alto to SUV S-Cross, with prices starting from Rs 3.15 lakh to Rs 12.56 lakh, respectively (ex-showroom, Delhi).
The new Celerio is now bigger than the outgoing model and comes with an updated engine and a host of new safety and convenience features.
Domestic sales slipped 54.9 pc to 68,815 units last month as against 1,52,608 units in Sept 2020, it added.
Maruti Suzuki on August 30 had said that over the past year the cost of its vehicles continues to be adversely impacted due to increase in various input costs.
The Indian automaker said that company has announced to proactively undertake a recall of some petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6.
Maruti Suzuki sells a range of models ranging from entry-level hatchback Alto to S-CROSS, priced between Rs 2.99 lakh and Rs 12.39 (ex-showroom prices Delhi) lakh, respectively.
The Competition Commission of India (CCI) on Monday imposed a penalty of Rs 200 crores on Maruti Suzuki India Limited for indulging in "anti-competitive" conduct of Rescale Price Maintenance in passenger vehicle segment by implementing discount control policy, the Ministry of Corporate Affairs said.
On Wednesday, the auto major, in a regulatory filing to the BSE, said that the company has been informed by its contract manufacturer -- Suzuki Motor Gujarat -- that production will be partially impacted in this month.
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a consolidated net profit of Rs 475 crore for the first quarter ended June 30. The auto major had posted a consolidated net loss of Rs 268 crore in the April-June quarter of 2020-21.
Maruti Suzuki is planning to launch its first electric vehicle in India by 2025.
Maruti Suzuki price hike: The price change for Swift and all CNG variants is owing to an increase in various input costs.
The price rise has been planned in the second quarter (July-September period) of the current financial year and the increase shall vary for different models, the company added.
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