Maruti rides will be expensive, the company will increase prices this month, prices have increased by 8.8% in 15 months
Maruti has already increased the prices of vehicles by about 8.8 per cent from January 2021 to March 2022 due to the continuous increase in input cost. The company sells many models in the domestic market from Alto to S-Cross.
The company has not disclosed the proposed price hike.
Country’s largest automaker company Maruti Suzuki India (Maruti Suzuki India) cars are going to be expensive. The company on Wednesday said that it is going to increase the prices of different models this month due to rising input cost. Maruti Suzuki said in a regulatory filing that in the last one year, the input cost (Input CostThe cost of vehicles of the company is being adversely affected due to increase in Rs. Hence, it has become imperative for the company to pass on some of the impact of these additional costs to the customers through price hikes. We plan to increase the prices in April 2022. The hike will vary for different models.
However, the company did not disclose the proposed price hike. Maruti has already increased the prices of vehicles by about 8.8 per cent from January 2021 to March 2022 due to the continuous increase in input cost. The company sells many models in the domestic market from Alto to S-Cross.
Maruti sales down in March
There has been a decline in the sales of Maruti Suzuki India (MSI) in the month of March. The company’s domestic sales declined 7 per cent to 1,43,899 units in March from 1,55,417 units in the same month a year ago. The company has sold a total of 16,52,653 units in the last financial year 2021-22 with a growth of 13 per cent as compared to the financial year 2020-21.
Target to sell 4-6 lakh CNG vehicles
A senior company official said, Maruti Suzuki has set a target of selling 4-6 lakh CNG vehicles in the current fiscal. However, it will depend on the supply of essential commodities. The company has sold 2.3 lakh CNG units in the financial year 2021-22. Currently, Maruti Suzuki India is selling 9 models in CNG variants out of its 15 models. Maruti is going to bring CNG powertrain technology in some more models in the coming days.
Shashank Srivastava, Senior Executive Director (Sales and Marketing), Maruti Suzuki India said, “We can sell 4 lakh to 6 lakh CNG variants in the current financial year. However, this is dependent on the availability of essential essential commodities.
maruti suzuki top seller
Maruti Suzuki has topped the list of top 10 cars sold in India in March. In which its five models are included. The list of top cars sold in India includes Maruti’s WagonR, Dzire, Baleno, Swift and Maruti Vitara Brezza. This year the Maruti Vitara Brezza facelift version is likely to be launched in the next few weeks.
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