Maruti Suzuki announces price hike across models to offset inflation

Leading automobile maker Maruti Suzuki on Tuesday announced a price hike across models to the tune of 0.45 per cent citing increased cost pressure driven by overall inflation and increased commodity prices.

“An estimated weighted average of increase across models stands at around 0.45%. This indicative figure is calculated using Ex Showroom prices of models in Delhi and will come into effect from 16th January, 2024,” the company said in a stock exchange intimation.

The company in November had intimated its intention to increase prices of its models. “The Company has planned to increase the prices of its cars in January, 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices. While the Company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market,” it had said then.