The company has planned to increase prices in April and the increase will vary for different models
The company has planned to increase prices in April and the increase will vary for different models
The country’s biggest automaker, Maruti Suzuki India (MSI), said on Wednesday it would increase prices across its model range this month amid rising input costs.
Over the past year, the cost of the company’s vehicles continued to be negatively impacted due to increases in various input costs, the auto major said in a regulatory filing.
“Therefore, it is imperative for the company to pass some of the above additional costs on to customers through a price increase,” it added.
The company has planned to increase prices in April and the increase will vary for different models.
However, the company did not disclose the amount of the proposed price increase.
MSI has already increased vehicle prices by around 8.8% from January 2021 to March 2022 as input costs have steadily increased.
The company sells a range of models from Alto to S-Cross on the domestic market.
