Monday, 18 October 2021

Maruti Suzuki to increase car price from 06 September

Maruti Suzuki to increase car price from 06 September

Maruti Suzuki India Ltd Leading auto manufacturer, has said that the increased prices of its cars will come into effect from today. Maruti said that the prices are growing to pass on additional input costs to customers on Monday's regulatory filing.

The company said in a regulatory filing.

"In continuation to our earlier communication on 30 August 2021, please note that with effect from 06 September 2021. The company announced a price change for selected models only owing to increase in various input costs,"

It said.

The increase in car prices will be around 2% across the country. "The weighted average price increase in Ex-Showroom Prices (Delhi) across select models is 1.9%,"

The auto major company has already raised prices in January month.

By April this year, with an overall hike of around 3.5 percent.

The company presently sells a range of models from the entry-level hatchback Alto to S-CROSS, pricing between 2.99 lakh and 12.39 lakh ex-showroom prices Delhi, respectively.

MSI Senior Executive Director of Sales and Marketing Shashank Srivastava said there was no other option left for a company but to increase the price to offset the impact of high commodity prices.

He also said that steel prices have gone up from 38 per rs kg last year to 65 per rs kg in the month of May-June in 2021.

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Similarly, copper prices have also been doubling from USD 5,200 per tonne to USD 10,000 per tonne.

In the case of precious metals, the demand has gone up in global markets and India due to the transition to stricter emission rules.

Srivastava said that precious metals like rhodium prices have increased from ₹18,000 a gram in May 2020 to almost ₹64,300 a gram in July.

Last week, Maruti Suzuki India said it recalls 1,81,754 units of petrol trims of various models, including Ciaz, Vitara Brezza, and XL6, to replace a faulty motor-generator unit.

This is the company's most significant vehicle recall to date.

As a responsible corporate, keeping in mind customer safety, the company has announced a proactive recall of some petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross, and XL6, MSI said in a regulatory filing.

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