Maruti, Audi announce price increases; others likely to follow suit
The Hindu
The country’s largest carmaker Maruti Suzuki on Thursday said it will increase the prices of its vehicles next month. While the company did not share the quantum of increase planned, it said it will v
The country’s largest carmaker Maruti Suzuki on Thursday said it will increase the prices of its vehicles next month. While the company did not share the quantum of increase planned, it said it will vary for different models.
“Over the past year, the cost of the company’s vehicles continue to be adversely impacted due to an increase in various input costs. Therefore, it has become imperative for the company to pass on some impact of the above additional costs to customers through a price hike,” the company said in a communique to the stock exchanges.
It added that the price rise had been planned for January.