Maruti Suzuki cars are going to be expensive. The country’s largest car company Maruti Suzuki has announced on Thursday that it will increase the prices of its cars in January 2022 i.e. next month. Due to increase in various input costs, the company is going to increase the prices of its cars. Maruti Suzuki has said that the price hike will be different for different models.
Maruti is increasing the prices of cars because of this
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.
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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.
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