If you are planning to buy a car then you will have to pay a higher price. Maruti Suzuki, Audi, and Mercedes-Benz India have announced to increase the prices of their cars in India. Apart from these companies, other companies may also increase the prices in the coming few days.
Talking about Maruti Suzuki, it 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.
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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.
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Mercedes-Benz India hikes prices
German luxury carmaker Mercedes-Benz India on Thursday said it will hike prices of select models by up to two per cent with effect from January 1, 2022, to reduce feature enhancements and rising costs. However, the company said that the increased rates will not be applicable to customers who have booked their cars and are waiting for more than 4 months for select models. The price increase of up to 2 per cent will be effective from January 1, 2022. Apart from this, the price protection will be applicable till December 31, 2021 for select models like A-Class, GLA and E-Class.
“Mercedes-Benz is introducing new generation models and expanding its existing model range with new technology,” the company said in a statement. Mercedes-Benz will revise the ex-showroom price of select models only to offset such feature enhancements and cost amidst rising input costs, the company said. The company further said that the increased prices will not be applicable to customers who have booked the GLE 400 and GLE 400d SUVs, and are waiting from April to get the deliveries.
Audi also announced to increase the price
German luxury car maker Audi on Thursday also announced a price hike of up to 3 per cent across its entire model range with effect 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.
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.