Maruti, the country’s largest car manufacturer Suzuki is going to increase the prices of its cars/vehicles by 4 per cent from April 1. The company announced this growth on Monday. After this announcement of the company, Maruti Suzuki’s shares also rose by 2 per cent. This decision has been taken due to increasing input cost and increasing operational expenditure, affecting the company’s profits. Maruti Suzuki sells models from Alto K10 to multi -purpose vehicle inwrkets in the domestic market.
This growth will vary depending on the model
Maruti Suzuki India said in a regulatory filing that the company has been planning to increase the prices of its cars since April, given the rising input cost and operational expenses. The price growth will vary depending on the model. The company says that although it keeps making constant efforts to make costs optimal and to minimize their impact on customers, some part of the increased costs may have to be put on the market. In early January, the company announced an increase in prices of various models by Rs 32,500 from 1 February. Maruti Suzuki India shares rose 0.61 percent to Rs 1,250. It was trading at 11,578.
Company sales in February
Maruti Suzuki India recorded a slight increase in total sales in February, which was 1,99,400 units on a year-on-year basis. In the same month last year, the company sold a total of 1,97,471 units. The company said the total domestic passenger vehicle sales last month were 1,60,791 units, while a year ago there was 1,60,271 units in the same month. This is a slight increase on an annual basis.
