Team News Riveting
New Delhi, January 15
The increase in input cost has propelled Maruti Suzuki India Limited to change price across models with effect from today.
“In continuation to our earlier communication dated 02nd December 2021, the Company today announced price change across models owing to increase in various input costs,” Maruti Suzuki said in a regulatory filing today. The weighted average price increase in ex-showroom Prices (Delhi) across Models is 1.7 per cent, it added.
The new prices are effective from today i.e. 15th January, 2022, the company said.
On December 2, 2021, the company has announced: “The price rise has been planned in January, 2022. The increase shall vary for different models.”
Over the past year, the cost of Company’s vehicles continued to be adversely impacted due to increase in various input costs, it said, adding that therefore, it has become imperative for the Company to pass on some impact of the above additional costs to customers through a price hike.
