November 29, 2022 03:57 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Two students from Telangana drown in US, one killed trying to save another | 'The Kashmir Files vulgar, propagandistic': IFFI jury slams, calls it 'inappropriate' for festival | Men attack police van carrying Aaftab Ameen Poonawala accused of killing Shraddha Walkar | Ramdev says women look good even without clothes, stirs row | 'Haven't criticised anyone': Chetan Bhagat after his comment on Uorfi Javed stirs row
Mauruti Suzuki India to hike prices from April Maruti Suzuki
Image Credit: Maruti Suzuki website

Mauruti Suzuki India to hike prices from April

India Blooms News Service | @indiablooms | 22 Mar 2021, 09:47 pm

Mumbai/IBNS: India's largest carmaker by volumes Maruti Suzuki India Ltd will raise the prices of different car models from next month due to a rise in input costs, media reports said.

"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. This price increase shall vary for different models," Maruti Suzuki said in a communication to exchanges, said a Mint report.

In January, Maruti Suzuki India (MSI) had raised prices of some car models, citing increase in input costs.

In February, Maruti Suzuki India (MSI) sold 1,44,761 units, an increase of 8.27 per cent from the same month last year.

Maruti's consolidated net profit rose by 26% to Rs 1,996.7 crore for the December quarter, driven by higher sales. Its net profit stood at Rs1,587.4 crore in the October-December quarter of the last fiscal. The auto major reported an increase of 13 per cent in total revenue to Rs 23,471.3 crore for the third quarter.