Maruti Suzuki India (MSI) will increase the prices of its vehicles this month due to increase in production cost. Maruti Suzuki said in the information given to the stock exchanges that the cost of the company’s vehicles has been increasing continuously for the last one year. “Therefore, the company will have to pass some of the burden on the customers by way of increasing the price,” he said.
The company will increase the prices of the vehicles in April and the price hike will be different for all the models. The company did not give any information about how much the prices will be increased. The price of Maruti Suzuki vehicles has been increased by about 8.8 percent from January 2021 to March 2022 due to cost escalation.