Price Hike Alert: If you want to buy a Maruti car for yourself, then buy it as soon as possible because the country’s largest company Maruti Suzuki is preparing to increase the prices of its cars.
Price Hike Alert: If you want to buy a Maruti car for yourself, then buy it as soon as possible because Maruti Suzuki India, the country’s largest car maker, is preparing to increase its prices. Maruti today (April 6) has informed about the plan to increase the prices of its entire model range i.e. cars of all models due to increase in input cost. The company has given this information in its regulatory filing. However, it is not yet decided how much the price will increase.
Prices will increase according to the model
In the last few years, the cost of vehicles is getting affected due to increase in input cost. In such a situation, the company has said in the regulatory filing that due to this it has become necessary to increase the prices of vehicles. Maruti Suzuki has decided to increase the prices in April this month and this increase will be model wise. The company has already increased the prices of its cars by up to 8.8 per cent between January 2021 and March 2022 due to cost escalation.
Chip shortage reduced wholesale sales of Maruti
Due to the shortage of electric parts, the production of vehicles was affected last month in March 2022. Due to this, the wholesale sales of the country’s largest car company Maruti Suzuki fell in March. Maruti Suzuki sent only 1,43,899 vehicles to the dealers last month, which was 7 percent less in the previous year as compared to March 2021. However, if we talk about the full financial year, the company’s sales on an annual basis increased by 13 percent to 16,52,653 units in the financial year 2021-22. The company says that nothing can be said about how long the electronic components will be supplied, so production may be affected in the current financial year 2022-23 as well.PTI