Maruti Suzuki India to hike prices from January, blames increase in input costs

Maruti Suzuki sells a range of vehicles from entry-level small car Alto with price starting at 2.95 lakh to multi-purpose vehicle XL6 priced up to 11.52 lakh (ex-showroom Delhi).
By : PTI
| Updated on: 10 Dec 2020, 08:49 AM
File photo of Maruti Suzuki cars. (MINT_PRINT)
File photo of Maruti Suzuki cars. (MINT_PRINT)
File photo of Maruti Suzuki cars. (MINT_PRINT)
File photo of Maruti Suzuki cars.

Car market leader Maruti Suzuki India on Wednesday said it will increase prices of its vehicles from January to offset the adverse impact of rising input costs.

Over the past year, cost of the company's vehicles have been impacted adversely due to increase in various input costs, Maruti Suzuki India said in a regulatory filing.

"Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in January 2021. This price increase shall vary for different models," it added.

Trending Cars

Find More Cars

(Also read: Maruti Suzuki rolls out digital comprehensive finance platform in Nexa)

At present Maruti Suzuki sells a range of vehicles from entry-level small car Alto with price starting at 2.95 lakh to multi-purpose vehicle XL6 priced up to 11.52 lakh (ex-showroom Delhi).

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

The company's announcement comes at a time when the carmaker is recovering from the lockdown induced disruptions. In November, it had posted a 2.4 per cent decline in total domestic passenger vehicle sales at 1,35,775 units as against 1,39,133 in the same month last year.

However, its overall sales, including exports, were at 1,53,223 units as against 1,50,630 in November 2019, a growth of 1.7 per cent.

First Published Date: 10 Dec 2020, 08:49 AM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city