As the Share Price of Maruti Suzuki hiked nearly around 2 percent on Rs 7,500 shares on BSE, the auto major selling cars in India Maruti Suzuki, on Monday, announced the change in price for Swift and all CNG variants owing to an increase in various input costs. There will be an increase in ex-showroom prices which will be seen up to ₹15,000 on the above models. The new prices are effective from today i.e July 12, 2021, it said.
Earlier in the day, the exchange filing board of Maruti Suzuki said that ”With reference to our earlier communication dated 21st June 2021, Maruti Suzuki India Limited today announced a price change for Swift and all CNG variants owing to increase in various input costs. Increase in Ex-Showroom Prices in Delhi will be up to 15,000 INR on the above models.”
While filing it on June 21 it said that “This is to inform you that over the past year the cost of the company’s vehicles continues 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 carmaker stated, “The price rise has been planned in quarter 2 and the increase shall vary for different models.