Maruti Suzuki India (MSI) says that it has increased the prices of all its models to compensate for the rise in raw material costs.
Maruti Suzuki Cars
If you are making up your mind to buy a Maruti Suzuki car, then there is bad news for you. Now you have to pay more for this. The company has increased the price of its vehicles.
The country’s largest company Maruti Suzuki India has announced an increase in the prices of its models. Ex-showroom prices (Delhi) of all its models have been increased by an average of 1.6%. The new prices are effective from today ie 16th April. Maruti Suzuki India (MSI) says that it has increased the prices of all its models to compensate for the rise in raw material costs. The company said that the price hike will apply to all its models in the country.
Shashank Srivastava, executive director (marketing and sales), MSI, told PTI-language, “The rules regarding emission norms have been in force since April last year. There are many costs associated with this. We had considered raising the price but the market situation was not good last year, so we could not raise the price at that time, but now the cost of raw materials especially steel, plastics and rare metals has gone up significantly. ”
He said, “We were trying to speed up demand after the epidemic and that was the reason why we reduced the price hike in January. At that time it was also thought that the cost of raw materials will not remain high and will fall, but according to the estimates now, the price will remain high for the next few quarters. That is why, despite not wanting, we decided to increase the price. ”
Earlier, on January 18 this year, Maruti Suzuki had announced to increase the price by Rs 34,000 on select models citing cost escalation.
Maruti Suzuki sold tremendous sales in March
Maruti Suzuki India said its total sales in March stood at 1,67,014 units. The company sold 83,792 units in March last year amid nationwide lockdown due to the corona virus epidemic, compared to 1,49,518 units in the previous month. Manufacturing and sales were affected to a large extent due to the COVID-19 epidemic last year. MSI said in a statement, “In March 2020, domestic sales had fallen by about 48 percent. It is noteworthy that domestic sales in March 2021 have reached the level of March 2019 only.
Let us know that Maruti’s Swift, Baleno, WagonR, Alto and Dzire have emerged as the top five models in terms of sales in 2020-21.
(With PTI input)
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