Maruti Suzuki hikes vehicle prices by up to 1.9 pc


PTI, Sep 6, 2021, 10:44 AM IST

The country’s largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire product range, except Celerio, by up to 1.9 percent with immediate effect. In a regulatory filing, the company noted that it has taken the decision to hike prices due to an increase in various input costs. The weighted average price rise in ex-showroom prices (New Delhi) across select models is 1.9 percent, it added.

This is MSI’s third price hike this year.

The auto major has already raised prices in January and April this year, with an overall hike of around 3.5 percent.

At present, the company sells a range of models 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 carmaker had last month said that a price hike was necessary, as it looks to protect its profitability amid a steep rise in commodity prices.

MSI Senior Executive Director (Sales and Marketing) Shashank Srivastava had said there was no other option left for the company, but to increase prices to offset the impact of high commodity costs. He had said that steel prices have gone up from Rs 38 per kg last year to Rs 65 per kg in May-June this year.

Similarly, copper prices have doubled from USD 5,200 per tonne to USD 10,000 per tonne.

In the case of precious metals, the overall demand has gone up in various global markets and India due to the transition to stricter emission norms.

Srivastava had said that the prices of precious metals like rhodium have increased from Rs 18,000 a gram in May 2020 to almost Rs 64,300 a gram in July.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

Will appear before Lokayukta for questioning in MUDA case, says CM Siddaramaiah

Lies have short life, Cong’s ‘fake’ narrative smashed: Fadnavis

Temple idols found desecrated in Hyderabad, case registered

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

Related Articles More

Royal Enfield forays into electric bike segment; unveils first model under Flying Flea brand

Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to carry festive sales momentum

Auto sales grow in mid-to-high single digits during Navratras, rural sales muted: Report

Car makers witness record sales on Dhanteras; Oct bookings up by 30%

State not empowered to frame rules for motor driving schools: HC

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Mangaluru: Asiatic male lion arrives at Pilikula Zoo

Waqf Notice Issue: Not an accident, but state government’s conspiracy, claims V. Sunil Kumar

Wayanad Bypoll: Politics in country, Kerala not genuinely working for people, says Priyanka Gandhi

Malegaon blast trial: Court issues bailable warrant against Pragya Thakur

Waqf Issue: JPC chair Jagdambika Pal to visit Hubballi, Vijayapura on November 7

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.