New Delhi: The country’s largest car company Maruti Suzuki has increased the price of its vehicles. The company said on Monday that it has increased the prices of all its models by about 1.1 per cent. The company has increased the price of vehicles for the second time in the current financial year. Earlier, he had increased the price of vehicles in April 2022. Maruti Suzuki had said in December last year that it would increase the prices of its vehicles to cushion the impact of rising costs. Along with this, the prices have also increased due to making the model compliant with the stricter emission norms that will come into effect from April 2023.
The company told the stock market that the price of vehicles of various models will increase by an average of about 1.1 percent. This indicative figure has been calculated on the basis of ex-showroom price in Delhi. This increase has come into effect from January 16, 2023 i.e. from today itself. The company sells a range of vehicles from its debut small car Alto to the SUV Grand Vitara. Their ex-showroom price in Delhi ranges between Rs 3.39 lakh to Rs 19.49 lakh. The company has models like Baleno, Celerio, Dzire, Ignis, Swift and WagonR.
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Other companies will also increase the price
From Hyundai and Tata Motors to Audi and Mercedes-Benz have also announced to increase the prices of their vehicles. These companies may also increase prices soon. These companies say rising costs are putting pressure on their margins. After the Corona period, the sale of vehicles in the country has increased significantly. Companies are increasing their capacities to meet the growing demand. Maruti is setting up its new factory in Haryana.
Source: navbharattimes.indiatimes.com
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