Maruti Suzuki announces price hike upto 4.3 per cent, check new prices

The country's largest carmaker Maruti Suzuki India (MSI) has raised its prices across its models. The company said it has increased prices by up to 4.3 % with immediate effect. The company has enhanced prices across its models in the range of 0.1 percent to 4.3 percent owing to increase in various input costs.

"The weighted average price increase in ex-showroom Prices (Delhi) across models is 1.7%. The new prices are effective from January 15, 2022," the auto major said in a regulatory filing to the stock exchanges.

The company had cited the increase in cost of essential commodities like steel, aluminum, copper, plastic and precious metals over the last one year as the reason behind hiking car prices last year.

"In continuation to our earlier communication dated December 2, 2021, the Company today announced price change across models owing to increase in various input costs," the company further said.

Earlier, Maruti Suzuki India has hiked vehicle prices three times last year — by 1.4 per cent in January, 1.6 per cent in April and 1.9 per cent in September, taking the annual hike of car prices to 4.9 per cent.

Maruti Suzuki India sells a range of cars from Alto to S-Cross priced between Rs 3.15 lakh and Rs 12.56 lakh, respectively.