After Maruti Suzuki, another big company has announced to increase the prices of its vehicles. Now if you are planning to buy a car, then it is important for you to know this news. In fact, German luxury car maker Audi on Thursday also announced a price hike of up to 3 per cent across its entire model range, effective from January 1 next year.
The company attributed the increase in prices to increase in input and operating costs. The company currently offers A4, A6, A8 L, Q2, Q5, Q8, S5 Sportback, RS 5 Sportback, RS 7, RS Q8, e-tron 50, e-tron 55, e-tron Sportback 55, e-tron GT and RS sells models like the e-tron GT in the country.
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Balbir Singh Dhillon, Head, Audi India, said in a statement, “The new price range of our select vehicles will ensure premium price positioning of the brand, thereby ensuring growth for both the brand and our dealer partners.” He said that with constant focus on the customer, the company has ensured that the impact of the hike is minimal.
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He said, “Audi India has launched 9 new products in 2021, which includes 5 fully electric cars. Audi India’s strategy is focused on a sustainable business model. Price correction is required to offset rising input and operating costs.
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Buying a Maruti car will become expensive
Maruti Suzuki has said in the information given to the exchange, “The cost of vehicles of the company has been adversely affected due to increase in various input costs in the last one year. Hence, it becomes imperative for the company to pass on some of this additional cost to the customers by way of price hike. The company has continuously increased the prices of different models. The company had announced the price hike in March, July and September this year.
Recently, the price of Echo was increased by Rs 8000
Maruti Suzuki has recently increased the price of its van Eeco by Rs 8,000. This increase has been done due to the addition of airbags to the Eco. Also, Maruti Suzuki had recently reported that production in its two manufacturing locations in December could be around 80-85 per cent of the normal capacity due to semiconductor shortfalls. Maruti Suzuki shares are trading at a level of Rs 7,264.60 on the Bombay Stock Exchange on Thursday afternoon.
Maruti Suzuki sales fall sharply in November
Maruti Suzuki’s total sales in November this year stood at 1,39,184 units. At the same time, in November last year, it was 1,53,223 units. The reduction in sales came amid a decline in production due to global chip shortfalls. Maruti Suzuki’s domestic sales stood at 1,13,017 units in November 2021. At the same time, sales to other OEMs stood at 4,774 units.