Maruti Suzuki to Hike Car Prices in January 2024
By Rediff Money Desk, NEWDELHI Nov 27, 2023 13:49
Maruti Suzuki India will increase car prices in January 2024 due to rising costs. The quantum of the price hike has not been disclosed, but it will vary across models.
![Maruti Suzuki to Hike Car Prices in January 2024](https://im.rediff.com/money/2023/jan/13maruti-suzuki-1.jpg)
Photograph: Sanjay Sharma/ANI Photo
New Delhi, Nov 27 (PTI) Marti Suzuki India on Monday said it plans to increase prices of its vehicles in January 2024, citing cost pressure driven by overall inflation and increased commodity rates.
The company, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh and Rs 28.42 lakh (ex-showroom Delhi), however, did not specify the quantum of the proposed price hike.
"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," Maruti Suzuki India said in a regulatory filing.
It further said, "While the company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market. This price increase shall vary across models."
Earlier in the day, German luxury car maker Audi said it will hike prices of its vehicles in India by up to 2 per cent from January next year, citing rising input and operational costs.
The price hike will be effective from January 1, 2024 and will be across the model range, Audi India said in a statement.
The company, which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh and Rs 28.42 lakh (ex-showroom Delhi), however, did not specify the quantum of the proposed price hike.
"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," Maruti Suzuki India said in a regulatory filing.
It further said, "While the company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market. This price increase shall vary across models."
Earlier in the day, German luxury car maker Audi said it will hike prices of its vehicles in India by up to 2 per cent from January next year, citing rising input and operational costs.
The price hike will be effective from January 1, 2024 and will be across the model range, Audi India said in a statement.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Norton...](https://im.rediff.com/80-80/money/2020/apr/18norton.jpg)
Norton Motorcycles Plans 6 New Models in 3 Years
Norton Motorcycles, backed by TVS Motor, plans to launch six new models over the next...
Seeds Fincap Raises USD 8.5 Mn for Expansion
Seeds Fincap, a non-bank lender focused on small businesses, raises USD 8.5 million...
![Moneyboxx Finance...](https://im.rediff.com/80-80/money/2021/sep/21loans.jpg)
Moneyboxx Finance Raises Rs 271 Cr for Growth
Moneyboxx Finance, an NBFC focused on impact financing, raised Rs 271 crore through...