Maruti Suzuki Announces Price Hike On Select Models
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Maruti Suzuki cars have become costlier from today owing to an increase in prices of select models. The company has increased ex-showroom prices by up to 4.7 percent and new prices come into effect from today. The company had earlier announced that it will increase prices in December 2019 which was supposed to come into effect from January 1, 2020. However, the company had postponed the price hike to a later date. The increase is a part of cyclical price revision due to an increase in input costs which has now become a norm in the industry.
Earlier in December, the company had said in a BSE filing, “The cost of the company’s vehicles has been impacted adversely due to an 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 across various models in January 2020. This price increase shall vary for different models”
The company has not disclosed the models that have undergone price revision, but we expect the majority of its models have witnessed a price hike.
Maruti Suzuki cars have become costlier from today owing to an increase in prices of select models. The company has increased ex-showroom prices by up to 4.7 percent and new prices come into effect from today. The company had earlier announced that it will increase prices in December 2019 which was supposed to come into effect from January 1, 2020. However, the company had postponed the price hike to a later date. The increase is a part of cyclical price revision due to an increase in input costs which has now become a norm in the industry.
Earlier in December, the company had said in a BSE filing, “The cost of the company’s vehicles has been impacted adversely due to an 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 across various models in January 2020. This price increase shall vary for different models”
The company has not disclosed the models that have undergone price revision, but we expect the majority of its models have witnessed a price hike.
Questions & Answers
Q.What is the maximum percentage increase in the ex-showroom prices?
What is the maximum percentage increase in the ex-showroom prices?
The company has increased ex-showroom prices by up to 4.7 percent. These new prices have come into effect starting from today.
Q.When did Maruti Suzuki originally plan to implement this price increase?
When did Maruti Suzuki originally plan to implement this price increase?
The company had initially announced in December 2019 that the price increase would come into effect from January 1, 2020, but it was subsequently postponed.
Q.Why has the company decided to raise the prices of its vehicles?
Why has the company decided to raise the prices of its vehicles?
The price revision is a cyclical adjustment due to increased input costs, which the company states has adversely impacted vehicle production expenses. Passing on these costs to customers is deemed imperative.
Q.Which specific car models are affected by this price hike?
Which specific car models are affected by this price hike?
The company has not disclosed the specific models that have undergone a price revision. However, it is expected that a majority of its models have seen a price increase.
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