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Maruti Suzuki to hike prices

Maruti Suzuki to hike prices of its models for the third time this year. The increased prices will be applicable starting from July 2021.

Maruti-Suzuki-prohibits-dealers-from-offering-additional-discounts_-CCI-probe

Maruti Suzuki increased the prices of its models in January 2021 by 1 (One) to 6 (Six) percent, depending on the model. The hike ranged from INR 5,000 to INR 34,000 over the ex-showroom price, followed by another hike in April 2021.

On the price hike, Maruti Suzuki India has said, “Over the past year, the cost of the company’s vehicles continues to be adversely impacted due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price rise. The price rise has been planned in Quarter 2 and the increase shall vary for different models.”

During the month of April and May 2021, the company produced a total of 1,98,213 vehicles, out of which 1,68,782 units were sold in the Indian market and 28,278 units were exported overseas. Out of the 1,68,782 units sold, the top models sold were 4 (Four) hatchbacks – Swift (25,321 units), Baleno (21,187 units), Wagon R (20,742 units) and Alto (20,523 units).

On the other hand, Maruti Suzuki also tops the chart of made-in-India vehicle exporter with a total of 28,278 units being exported during the first two months of the current financial year. The Maruti Baleno with 7,037 units, is the most exported model, followed by Maruti Dzire (4,499 units) and the S-Presso (4,241 units).

Maruti Suzuki is prepping to launch the new generation Celerio in the Indian market sometime soon. In addition to this, Maruti is also working to introduce the 5-door Jimmy and an all-new SUV and a premium hatchback from the brand that are expected to be unveiled next year.

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