Maruti Suzuki hikes model prices by up to Rs 22,500 to offset rise in input costs
April 16, 2021 15:11 ISTcarmaker Maruti Suzuki India (MSI) on Friday said it has hiked prices of most of its models by up to Rs 22,500 with immediate effect
carmaker Maruti Suzuki India (MSI) on Friday said it has hiked prices of most of its models by up to Rs 22,500 with immediate effect
Equity benchmark indices closed nearly 1.5 per cent lower on Thursday amid concerns over rising coronavirus infections and weak global cues.
Maruti was the top loser in the Sensex pack, shedding around 4 per cent, followed by Bharti Airtel, HUL, NTPC, Bajaj Finance, UltraTech Cement, ONGC and Reliance Industries.
Over the past year, the cost of the company's vehicles has been impacted adversely due to an increase in various input costs, the auto major said in a regulatory filing.
Maruti Suzuki India car subscription plan is available Delhi-NCR, Bengaluru, Hyderabad, Pune, Mumbai, Chennai, Ahmedabad and Kochi.
The company is increasing the price for select models owing to an increase in various input costs...The new prices are effective from January 18, 2021, Maruti Suzuki India said in a regulatory filing.
Maruti Suzuki India, the country's largest carmaker, on Wednesday said its total production in December 2020 increased 33.78 per cent to 1,55,127 units.
Maruti Suzuki has posted total sales of 160,226 unites in December 2020. This is a growth of 20.2 per cent over December 2019.
The country's largest carmaker Maruti Suzuki India will increase prices of its vehicles from January to offset the adverse impact of rising input costs.
The country's largest carmaker Maruti Suzuki India on Wednesday launched its multi-financier, online car financing platform 'Smart Finance'.
When contacted a TKM spokesperson said: "After thorough discussions between Suzuki and Toyota, both companies have mutually made such a decision. We would like to refrain from commenting further at this moment, regarding our future product plans."
The country's largest carmaker Maruti Suzuki India (MSI) on Sunday reported an 18.9 per cent increase in sales at 1,82,448 units in October.
In partnership with ORIX Auto Infrastructure Services India, a subsidiary of ORIX Corporation, Japan, the Company aims to launch car subscription programme for individual customers in these two cities.
The country's largest carmaker Maruti Suzuki India on Sunday announced special offers for government employees with benefits up to Rs 11,000 over and above the ongoing festival consumer offers across its models.
The country's largest carmaker Maruti Suzuki India (MSI) on Friday said its entry-level small car S-Presso has crossed the 75,000 unit sales milestone in the first year of its launch.
The company has partnered ORIX Auto Infrastructure Services India, a subsidiary of ORIX Corporation, Japan, to launch Maruti Suzuki Subscribe for these cities, Maruti Suzuki India Ltd (MSIL) said in a statement. q
Taxes on cars in India, which are higher than in any other vehicle manufacturing country in the world, have created affordability issue for many aspiring car owners, according to Maruti Suzuki India (MSI) Chairman RC Bhargava.
Maruti Suzuki's premium retail brand Nexa has become the third largest retailer of passenger cars in the country and currently has a market share of 11 per cent, according to a senior executive.
Maruti Suzuki India, the country's largest carmaker by market share, on Wednesday reported its first quarterly loss in more than a decade in the June quarter. Maruti reported net loss of Rs 249.4 crore for the April-June period - its first quarterly loss in at least 15 years.
The company sells S-Cross through its Nexa network. The model earlier used to come only with diesel engine option.
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