Maruti Suzuki to increase vehicle prices from April

Maruti Suzuki to increase vehicle prices from April

Shares of Maruti Suzuki rallied Tuesday as India’s largest passenger car manufacturer has revealed its plan of raising vehicle prices with effect from April 2021.
Over the past year, the cost of company’s vehicles has been impacted adversely due to increase in various input costs. 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.

Before this, the firm on January 18 had also announced an increase in its vehicle prices by up to Rs 34,000 (ex-showroom in Delhi). It had raised the price of Alto by up to Rs 9,000, while Espresso’s price was increased by Rs 7,000 more. For Baleno, the price were hiked by up to Rs 19,400.
The country’s largest carmaker reported an 11.8% increase in wholesales to 1,64,469 units in February 2021 against 1,47,110 units in February last year.
Its domestic sales increased by 11.8% to 1,52,983 units last month, as against 1,36,849 units in February 2020.

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