Maruti Suzuki to raise vehicle prices amid growing input costs

Maruti Suzuki India (MSI), the country’s largest carmaker, announced on Wednesday that it will raise prices across the board this month due to rising input costs.

Maruti Suzuki India (MSI), the country’s largest carmaker, announced on Wednesday that it will raise prices across the board this month due to rising input costs.

The cost of the company’s automobiles has continued to be negatively impacted over the past year. Due to increases in various input costs, according to a regulatory filing by the automaker.

“As a result, the Maruti Suzuki company must pass on some of the aforesaid increased costs to customers in the form of a price increase,” it continued.

In April, the corporation intends to raise pricing, with the rise varying depending on the model.

The amount of the proposed price increase, however, was not disclosed by the corporation.

MSI has already increased vehicle prices by about 8.8% from January 2021 to March 2022 because to rising input costs.

In the domestic market, the business sells a variety of models ranging from the Alto to the S-Cross.

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