Maruti Suzuki India To Hike Car Prices From July Due To Rise In Production Costs 

The first set of value hike was observed back in January when the automobile announced a price hike in some selected models by up to Rs 34,000 due to a rise in input costs.

Maruti Suzuki

New Delhi: India’s largest automobile producer, Maruti Suzuki India (MSI) has announced that it will be increasing the price of its cars in the second quarter of the current fiscal year. 

Blaming the hike in prices on the increased cost of inputs, Maruti Suzuki in an official statement issued on Monday said, "Over the past year, the cost of the company’s vehicles continue to be adversely impacted due to an increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price rise”. 

The announcement comes as the third round of hike in price for Maruti automobiles in the current financial year. The first set of value hike was observed back in January when the automobile announced a price hike in some selected models by up to Rs 34,000 due to a rise in input costs. This was before Maruti was pressurised to extend their costs on account of related causes in the month of April, with a weighted average price increase in ex-Showroom Prices (Delhi) across models of 1.6 per cent. 

Although the hit carmakers have not determined the fashions which are expected out of its 14 total fashions, to be affected by this decision but have specified that the increase in price will vary for different models. 

As reported by PTI, a spokesperson from Maruti Suzuki India said that keeping in mind the safety protocols and with due caution the company has resumed operations.

But with the Covid-19 and lockdown situations easing across states, different automobile producers are again ramping up to get back on track and resume normalcy. "We are ramping up production cautiously. Meanwhile, we continue to vaccinate all employees and families on priority. Over 36,000 employees have already received the first shot," said the automaker.