In January, the company increased the prices of various models by Rs 32,500 from 1 February.
The country’s largest car manufacturer Maruti Suzuki is going to increase the prices of its cars/vehicles by 4 percent from April 1. The company announced this increase on Monday. After this announcement of the company, Maruti Suzuki shares also jumped 2 percent. According to the news of the language, this decision has been taken due to rising input cost and increasing operational expenditure, affecting the company’s profitability. The Maruti Suzuki sells models from entry-level Alto K-10 to multiple perpaz vehicle inwiches in the domestic market.
The increase will increase on model basis
Maruti Suzuki India said in a regulatory filing that in view of the rising input cost and operational expenditure, the company has planned to increase the prices of its cars since April. The price hike will vary depending on the model. The company says that although it attempts to consistently suit the cost and reduce the impact on its customers, some part of the increased cost may need to be put on the market. Earlier in January, the company had announced an increase in prices of various models by Rs 32,500 from 1 February. Maruti Suzuki India shares were trading at Rs 61 percent to Rs 11,578.
Company sales in February
Maruti Suzuki India has increased the total sales in February from year to year and it was 1,99,400 units. The company sold a total of 1,97,471 units in the same month last year. The company said that the total domestic passenger vehicle sales were 1,60,791 units last month, compared to 1,60,271 units in the same month a year ago. This is a slight increase from year to year.
The company has recently joined hands with Hero Fincorp for vehicle finance. According to the Memorandum of Understanding between the institutions, the partnership will provide the benefits of financial solutions for the extensive network of the automaker and the new and pre-and-and-and-and-and-and-and-Ande Car loan of the automaker.
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