Maruti Suzuki raises car prices by 1.9 pc, steepest among three hikes this year

Insight Online News

New Delhi, Sep 6 : Maruti Suzuki which sells popular car models such as WagonR, Swift, Baleno and Dzire has increased prices across select models with effect from September 6, 2021, citing high input costs.

The weighted average price increase in ex-showroom prices (Delhi) across select models is 1.9 per cent, the company said in a BSE filing.

“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 stock exchange.

“The weighted average price increase in Ex-Showroom Prices (Delhi) across select models is 1.9 per cent,” it added.

With rise in material cost 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 higher at Rs 6,934.85 a piece at BSE at 10:31AM.

UNIINDIA

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