Maruti Suzuki Hikes Prices By 1.7% Across Models
By Charanpreet Singh
1 mins read
Published on January 16, 2022
- Maruti Suzuki has increased prices by 1.7 per cent across models.
- The price hike is effective from January 15, 2022.
- Maruti has cited rising input costs as the primary reason for the hike.
Last month, Maruti Suzuki India announced increasing ex-showroom prices of its cars from January 2022. However, the Indo-Japanese carmaker didn't disclose the quantum of the price hike then. In a regulatory filing made at the Bombay Stock Exchange (BSE), the country' largest carmaker by volume has informed that it has hiked the car prices by 1.7 per cent across models effective January 15, 2022. The company has cited rising input costs as the primary reason for the imminent price hike.
"In continuation to our earlier communication dated December 2, 2021, the company today announced price change across models owing to increase in various input costs. The weighted average price increase in ex-showroom Prices (Delhi) across Models is 1.7 per cent. The new prices are effective from today i.e. 15th January 2022," Maruti Suzuki said in a regulatory filing at the BSE.
The various rising inputs costs continue to cost the carmaker's vehicles and it has decided to pass on some impact of the above additional costs to customers through a price hike. It is the second price hike announced by the carmaker in the last six months. Do note, Maruti increased its car prices by 1.9 per cent for select models in September 2021, citing a rise in input cost as the reason.
Maruti Suzuki is currently facing a shortage of electronic components that continue to affect vehicle production, as the brand is operating at 85 per cent capacity. Last month, the automaker sold 153,149 units in India to post a 4 per cent decline year-on-year compared to 160,226 units sold in December 2020. Maruti Suzuki has big plans for this year that includes the new Vitara Brezza, Baleno, refreshed XL6, new Alto, and most likely the Jimny.
Great Deals on Used CarsView All Used Cars
Popular Maruti Suzuki Models
9 hours ago
Owned by Geely, Lotus has pledged to become fully electric by 2028
9 hours ago
It received a bid of $1,350,000 (11.25 crore) that the seller chose not to accept and re-auctioned in December.
9 hours ago
The new platform will largely use local components and has been dubbed the ‘A Main Platform’ with the first electric vehicle set to roll out in 2026, specifically for the Chinese market.
9 hours ago
The 2024 edition of the 1290 Super Adventure siblings receive new colour options for 2024
10 hours ago
MotoGP's newest grand prix winner has finally found a seat after a string of tremendous performances in the final leg of the 2023 season
10 hours ago
Maini will partner current F3 champion Gabriel Bortoleto for the 2024 F2 season
11 hours ago
Skyworth Skyhome, from China's Skywell, is set to enter production next year.
12 hours ago
The all-new Duster is based on the Bigster concept showcased earlier, and shares a lot of design elements
13 hours ago
Royal Enfield took the wraps off its latest 650 cc motorcycle, the Shotgun 650 at Motoverse 2023 in Goa. Here are the top 5 highlights of the newest Royal Enfield bike, albeit in its Motoverse edition.
14 hours ago
The 2020 Mulsanne Extended Wheelbase was commissioned by Her late Majesty Queen Elizabeth II and served the royal family.
-1884732 second ago
Replying to customer concerns about S-Presso's safety standard, post the Global NCAP crash results, Suzuki Auto South Africa's official handles have commented on social media saying that the model sold there are safer than the ones sold in India.
8 days ago
The Suzuki Jimny 5-door is exported from India to South Africa and carries a premium price tag in comparison to the price in India.
14 days ago
The new Maruti Suzuki Ertiga seven seater MPV will be launched very soon in India and according to new details, the automaker had confirmed that only the petrol version of the car will get an automatic gearbox. The automatic gearbox on the petrol 1.5-litre engine will be a conventional 4-speed torque convertor automatic and not an AMT as with some of the other Maruti Suzuki cars offered in India. The diesel on the other hand, as the title suggests, will not get an automatic gearbox or even an AMT like on the Vitara Brezza and will only be offered with a 5-speed manual option.
16 days ago
The EVX concept was showcased at the 2023 Auto Expo and is slated to be the brand’s first all-electric model in India
24 days ago
The test mule shared many design elements with the Swift concept, showcased at the 2023 Japan Mobility Show