India’s largest car manufacturer Maruti Suzuki has announced that prices of its vehicles will be revised from January 2021. Maruti Suzuki has cited the hike as an impact of rising input costs that in turn increases the manufacturing cost.
The company also mentioned that the price increase will vary as per the variants of different models. Currently, the portfolio of the brand consists of 14 cars ranging from the Alto (Rs 2.99 lakh, ex-showroom) to XL6 (Rs 9.84 lakh, ex-showroom).
Maruti Suzuki has recently also announced discount offers on different models for the month of December.
Looking at the sales reports of the previous festive month, the company had logged a total passenger vehicle sale of 1,35,775 units.
Out of these, the sales of the heavily reliant sub-segment of mini and compact cars plunged by 5.1 per cent Y-o-Y. Overall, the sales of the car-maker recorded 1.7 per cent growth in November, 2020 as compared to the same period last year. For a more detailed report of the monthly sales of Maruti Suzuki.
We expect the exact quantum of a model-wise price increase to be shared by the company in the coming weeks. Stay tuned for further updates in this regard.
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