The country's largest carmaker Maruti Suzuki India has said it has increased the prices of select models by up to Rs 34,000 to offset the adverse impact of rising input costs. The company is increasing its prices owing to a hike in various input costs... The new prices are effective from January 18, 2021, Maruti Suzuki India said in a regulatory filing. The price change varies across models and ranges up to Rs 34,000 (ex-showroom-Delhi), it added.
Reacting to the development, shares of Maruti Suzuki India on Tuesday hit an intraday high of Rs. 7990.30 per share, i.e up by 2 percent on the National Stock Exchange, during midsession.
Similar momentum has also seen in the Bombay stock exchange. The stock jumped 2.24 percent to Rs 7,990 on the BSE.
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