Key Points
Leading automobile maker Maruti Suzuki on Tuesday announced a price hike across models to the tune of 0.45 per cent citing increased cost pressure driven by overall inflation and increased commodity prices...
This indicative figure is calculated using Ex Showroom prices of models in Delhi and will come into effect from 16th January, 2024," the company said in a stock exchange intimation...
"The Company has planned to increase the prices of its cars in January, 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices..
While the Company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market," it had said then.. Automobile company Tata Motors too had announced a price hike for its commercial vehicle models from Januar 2024 to offset the residual impact of the past input costs..
According to a statement from Maruti Suzuki India, total domestic sales, which include passenger cars, commercial vehicles, and third-party supplies, were 1,10,667 units this month compared to 1,17,551 units in the same period last year, a decrease of 5.86 percent...
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