On Monday, The country's largest carmaker Maruti Suzuki India announced that it is going to Increase prices in next financial year. In a official leak company said that it will increase prices across its model range from next month in order to offset the impact of high input costs. For your information let us share that over the past year, the cost of the company's vehicles has been impacted adversely due to an increase in various input costs, the auto major said in a regulatory filing.
In a official statement is said that "Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in April 2021," further added as The price increase shall vary for different models.” The company however did not share details about the quantum of the price hike it intends to take from next month. On January 18 this year, the automaker had announced to hike prices of select models by up to Rs 34,000 due to a rise in input costs.