Maruti Suzuki Price Hike: The country’s largest car manufacturer Maruti Suzuki is famous worldwide for its affordable and low budget cars. But today the company has announced that it will increase the price of its selected models from next month. The company cited rising input costs on the back of the price increase. According to reports, the new prices can be implemented from 1 April.

If you too are thinking of buying a Maruti Suzuki car, this is your last chance. Because from April, all models from Maruti Alto to Maruti Brezza will become expensive. Let me tell you that this is the second time this year when the company is going to increase the price of its cars. Earlier, the company had increased the price of vehicles in the last January.

How much will the price increase: Maruti Suzuki stated that the new price hike will depend on different models. However, no information has been shared by the company about how much the price of the cars will be increased. The auto sector, which has been suffering from the Corona epidemic for the last one year, has been severely affected. The company is already going through trouble due to low demand and high input costs.

Apart from Maruti Suzuki, many other automakers have increased the price of their vehicles. In the month of January, Maruti Suzuki increased the price of its cars by about Rs 34,000. At the same time, Mahindra & Mahindra increased the price of vehicles by 1.9% and Tata Motors by about 26,000 rupees.

However, a recent study by India Ratings and Research (Ind-Ra) claimed that, despite the increase in the price of vehicles and the fuel price hike, the demand for passenger vehicles and two-wheelers has not come down. This is being cited behind the fact that, due to the Corona epidemic, people are preferring personal mobility over the public transport system.

Let us know that, compared to the month of February last year, there has been an increase of 18% in the sales of passenger vehicles in the month of February this year. At the same time, two-wheeler sales have seen growth of around 10%. After the September month of last year, the country’s auto sector has come back on track but at a slow pace.