On Monday, India’s largest carmaker Maruti Suzuki India said, in a regulatory filing, it will hike prices across models from September amid rising input costs.
The Company said, “…. over the past year the cost of company’s vehicles continue to be adversely impacted due to increase in various input costs.”
Thus, the price has become inevitable, and some impact of the additional cost would be on the customers through a price rise.
“With reference to our earlier communications with respect to price increase, we wish to inform you that over the past year the cost of Company’s vehicles continue to be adversely impacted due to increase in various input costs. Hence, it has become imperative to pass on some impact of the additional cost to the customers through a price rise. The price rise has been planned across models in September 2021,” Maruti Suzuki India said in an official statement.
This is the third time the Company is hiking the prices of models. Earlier in January 2021, the prices of select models were increased up to ₹ 34,000, and in April 2021 as well, the prices were hiked, saying that the rise in input costs was the reason for the price hike.
