New Delhi. The country’s largest carmaker Maruti Suzuki India has increased the price of its vehicles. The company on Saturday said that it has increased the prices of its models by up to 4.3 percent with immediate effect. The company attributed this to the increase in cost. The company has increased the rates from 0.1% to 4.3% on all its models.
The auto major said in a regulatory filing, “The average price hike across all models at ex-showroom prices (Delhi) is 1.7 per cent. The new prices are effective from today.” Cars from Maruti Suzuki Alto starting from Rs 3.15 lakh to S-Cross starting at Rs 12.56 lakh are available in the market. It is the first choice of Indian customers in the lower and mid segments.
Price was increased last year also
Maruti Suzuki had increased vehicle prices thrice last year by 1.4 per cent in January, 1.6 per cent in April and 1.9 per cent in September. Due to this, the company’s vehicles became costlier by 4.9 percent. Last month, the company had said it was forced to hike prices in the past one year due to increase in the cost of essential commodities like steel, aluminium, copper, plastic and precious metals.
The company is bringing CNG variant of Celerio
Maruti Suzuki can launch the CNG variant of its new Celerio in India in this month i.e. January. The company’s dealers have started taking its unofficial bookings. Maruti Suzuki New Generation Celerio was launched in November 2021. This hatchback has been well-liked in India. The company had indicated to launch its CNG variant during that time itself.