Maruti Suzuki price hike: This is the last chance to buy an affordable car from Maruti Suzuki, the country’s largest carmaker. The company issued a statement today announcing an increase in the price of its vehicles. The prices of various models included in the company’s vehicle lineup will be increased. However, no information has been shared about which model will be priced higher.
Maruti Suzuki said in a statement that the new prices would be effective from next month, July 1. The company cited rising input costs as the reason behind the price increase. The company said in a statement, “We have reported that the company’s vehicle costs have been declining due to the increase in various input costs over the past one year. Therefore, it has become urgent for the company to raise prices.”
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Let us tell you that for the third time this year the company is raising the prices of its cars. Earlier, the prices of various models were increased in January and last April. However, the company’s statement did not say which models would be extended this time and how much.
Maruti Suzuki currently has about 14 models in its car portfolio, of which 9 are sold by the company from its Arena showroom. The other 5 models were sold by the company’s premium dealership Nexa. The company is going to bring some of its famous cars like Celerio, Vitara Breza and Alto to the market soon.