Maruti will also increase the prices of cars: If you like cars like Alto, Baleno and Ciaz, then buy them soon, the company will soon increase the prices of all models.
Maruti is going to increase the prices of its vehicles. Maruti Suzuki has announced to increase the rates on its different models. However, the company has not given any information about how much the rates will be increased. It was also not told when the new rates would be applicable.
Price will increase due to input cost
In a regulatory filing, the company said that due to rising input cost over the past one year, the prices of the company’s vehicles have been affected. It has become necessary for the company to increase the price of the vehicles to offset the impact of the increased cost. The company said that it plans to increase the prices in April 2022 and it will vary by model.
Price may increase on all models
However, the company has not yet told when and by how much the prices will be increased. Maruti has already increased the prices of vehicles by about 8.8% from January 2021 to March 2022 due to the continuous increase in input cost. The company sells many models in the domestic market from Alto to S-Cross.
The company’s target is to sell around 2.3 lakh CNG units.
According to a senior company official, Maruti Suzuki is targeting to sell 4-6 lakh CNG units in the current financial year depending on the supply position of essential components. The company had sold around 2.3 lakh CNG units in 2021-22. Maruti currently sells the CNG version of 9 out of its 15 models. It is planning to bring more models with such technology in the coming days.
BMW has made cars expensive by 3.5% and Toyota by 4%
Before Maruti, companies like BMW, Toyota, Mercedes-Benz and Audi have increased the prices of their cars. In these, BMW cars are up to 3.5% more expensive. BMW India currently has 2-Series Gran Coupe, 3 Series Gran Limousine Series, 5 Series, X1, X3 and others in India. At the same time, Toyota has made its cars costlier by 4%. Toyota’s line-up in India includes luxury MPVs like the new Glanza, Urban Cruiser, Innova Crysta, Fortuner, Camry and Vellfire.
Mercedes-Benz has made its cars costlier by 3%. Mercedes-Benz’s line-up in India includes cars like the A-Class limousine, E-Class, CLS, S-Class, GLC, GLE and GLS. Also, Audi has made its cars expensive by up to 3%. Audi’s line-up in India includes models such as the A4, A6, A8, Q5, e-torn.
