New Delhi: Maruti Suzuki on Monday mentioned that it’ll improve the costs of vehicles from January 2024. In a BSE submitting, the automaker knowledgeable that because of elevated price stress, it has determined to hike costs of the vehicles.
“The Firm has deliberate to extend the costs of its vehicles in January, 2024 on account of elevated price stress pushed by general inflation and elevated commodity costs. Whereas the Firm makes most efforts to cut back price and offset the rise, it might should cross on some improve to the market.”
The corporate presents a various vary of automobiles spanning from the entry-level hatchback Alto to the multi-utility car Invicto. The pricing for these automobiles falls throughout the vary of INR 3.54 lakh to INR 28.52 lakh (ex-showroom Delhi). The corporate not too long ago disclosed its intention to implement a value hike, with out specifying the precise proportion improve.
In accordance with Maruti Suzuki, the upcoming value adjustment will likely be model-specific, impacting automobiles throughout their product lineup. This transfer follows an analogous choice made on April 1 this yr when the corporate raised costs throughout all its car fashions.
In a previous occasion in January 2023, Maruti Suzuki had already introduced a value hike averaging round 1.1% throughout its car vary.
In a associated improvement, Audi, the famend German luxurious automobile producer, declared on Monday that it plans to boost the costs of its automobiles in India by as much as 2% beginning January subsequent yr.
Audi attributed this choice to the escalating enter and operational prices out there.