Maruti Suzuki to increase vehicle prices from 1 January to offset adverse impact of increase in commodity prices, forex rates

New Delhi: Maruti Suzuki India on Wednesday mentioned it would improve costs of its autos throughout varied fashions from subsequent month to offset the adversarial impression of a rise in commodity costs and international alternate charges.

The corporate, nonetheless, didn’t specify by how a lot the costs of its autos would improve.

At current, the corporate is figuring out the vary, an organization official mentioned.

Representational picture. Reuters.

“The price of firm’s autos has been impacted adversely as a result of improve in commodity costs and international alternate charges,” Maruti Suzuki India mentioned in a regulatory submitting.

It additional mentioned, “Therefore, it has change into crucial for the corporate to move on some impression of the above extra value to prospects via a worth improve throughout varied fashions in January 2019.”

This worth improve shall range for various fashions, it added.

At current, Maruti Suzuki sells a spread of autos ranging from entry-level Alto800 to the premium crossover S-Cross priced between Rs 2.53 lakh and Rs 11.45 lakh.

Yesterday, utility automobile maker Isuzu Motors India on Tuesday mentioned it would hike costs of autos by as much as Rs 1 lakh from January to offset growing enter and distribution prices.

Final month, Toyota Kirloskar Motor had introduced that it will improve costs of autos throughout fashions by as much as four % from 1 January, 2019, to offset growing manufacturing prices as a result of rupee depreciation.

Source link

Facebook Comments