Maruti shares gain over 2% as prices of select vehicles hiked
Shares of Maruti Suzuki India on Tuesday gained more than 2 per cent after the firm increased the prices of select models by up to ₹34,000 to offset adverse impact of rising input costs.
The stock jumped 2.24 per cent to ₹7,990 on the BSE.
At the NSE, it gained 2 per cent to ₹7,990.30.
The country's largest carmaker Maruti Suzuki India on Monday said it has increased the prices of select models by up to ₹34,000 to offset adverse impact of rising input costs.
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The company is increasing the prices owing to an increase in various input costs... The new prices are effective from January 18, 2021, Maruti Suzuki India said in a regulatory filing.
The price change varies across models and ranges up to ₹34,000 (ex-showroom-Delhi), it added.