Maruti Suzuki hikes select model prices by up to Rs 22,500
Maruti Suzuki on Friday hiked prices on select models by up to Rs 22,500 with immediate effect to partially offset the impact of a rise in input costs.
Barring the Celerio and the Swift, all the models of the company will be dearer, industry officials said. The company sells various models ranging from the Alto to the S-Cross, priced between Rs 2.99 lakh and Rs 12.39 lakh (ex-showroom Delhi).
“The weighted average price increase in ex-showroom prices (Delhi) across models is 1.6 per cent. The new prices are effective from April 16, 2021,” Maruti said.
The carmaker retails 14 models, five of which are sold through Nexa showrooms.
“It has become imperative for the company to pass on some impact of the additional cost to customers through a price increase in April 2021,” it added. The price rise will vary for different models, it added.
A steady rise in prices of global commodity and raw materials such as steel has increased costs for original equipment manufacturers. There is also a shortage of semiconductors in the global market and has also resulted in higher costs for the auto manufacturing industry.
The Maruti Suzuki share closed at Rs 6,633, down Rs 11.25, or 0.17 per cent, on Friday on the BSE. It touched a high of Rs 6,606.05 and a low of Rs 6,784.85 during the day.