Maruti Suzuki raises car prices by 1.9 per cent, steepest among three hikes in FY 21-22
New Delhi/UNI: Automobile major Maruti Suzuki, well-known for car models such as WagonR, Swift, Baleno, Dzire, has increased prices across select models with effect from September 6, citing high input costs.
The weighted average price increase in ex-showroom prices (Delhi) across select models is 1.9 per cent.
"In continuation to our earlier communication on 30th August 2021, please note that with effect from 6th September 2021, the company announced a price change for select models owing to increase in various input costs," said Maruti Suzuki in the filing to the stock exchange.
"The weighted average price increase in Ex-Showroom Prices (Delhi) across select models is 1.9 per cent," it added.
With the rise in material costs especially of steel, copper and precious metals, Maruti Suzuki had raised car prices in January this year by 1.4 per cent and then in April by about 1.6 per cent.
Maruti Suzuki shares traded 1.04 per cent higher at Rs 6,934.85 apiece at BSE at 10:31 AM on Monday.