Maruti Suzuki India hikes vehicle prices by 1.1 per cent
Maruti Suzuki India on Monday said it has hiked prices of its vehicles across models by about 1.1 percent.
This is the second price hike that the car-maker is undertaking in the ongoing financial year, after increasing it in April.
In December last year, the company had said it would hike prices of its vehicles to offset the impact of rising input costs and make provisions to update the model range to conform to stricter emission norms that kick in from April this year.
“An estimated weighted average of increase across models stands at around 1.1per cent. This indicative figure is calculated using ex-showroom prices of models in Delhi and will come into effect from January 16,” Maruti India said in a filing.
The company sells a range of vehicles starting from entry-level small car Alto to SUV Grand Vitara, which are priced between Rs 3.39 lakh and Rs 19.49 lakh (ex-showroom Delhi).
Meanwhile, Maruti Suzuki India on Monday said it transported over 3.2 lakh vehicles using Indian railways last year, its highest-ever dispatch in a calendar year.
The company had obtained an Automobile Freight TrainOperator licence in 2013 allowing it to fabricate and operate high-speed, high-capacity auto-wagon rakes on the Indian Railways network.
In the last 10 years, the auto maker has seen a five-fold increase in railway dispatches in terms of volumes.
The share of railways in outbound logistics has increased from 5 per cent in 2013 to 17 per cent in 2022.