Maruti Suzuki Hikes Prices By 1.7 Percent

In a regulatory filing with the Bombay Stock Exchange, Maruti said a rise in various inputs costs was the primary reason for the price hike, as it needed to pass on some of the impacts of the rising costs to its customers. 

The weighted average price increase in ex-showroom Prices (Delhi) across Models is Will be around 1.7%. The new prices will be applicable from the 15th of January 2022. It would be the fourth such price increase in FY2022 for Maruti.

Maruti had earlier raised the prices of select vehicles in April 2021, then July 2021, and again in September of last year. With supply chain disruptions raw material costs specifically, steel have been consistently on the rise, putting pressure on the margins of the manufacturers leading to price hikes