NEW DELHI: Automotive market chief Maruti Suzuki India on Wednesday mentioned it is going to improve costs of its automobiles from January to offset the antagonistic affect of rising enter prices.
Over the previous yr, value of the corporate’s automobiles have been impacted adversely on account of improve in varied enter prices, Maruti Suzuki India mentioned in a regulatory submitting.
“Therefore, it has turn out to be crucial for the corporate to cross on some affect of the above further value to prospects by means of a value improve in January 2021. This value improve shall range for various fashions,” it added.
At current Maruti Suzuki sells a spread of automobiles from entry-level small automotive Alto with value beginning at Rs 2.95 lakh to multi-purpose automobile XL6 priced as much as Rs 11.52 lakh (ex-showroom Delhi).
The corporate’s announcement comes at a time when the carmaker is recovering from the lockdown induced disruptions. In November, it had posted a 2.4 per cent decline in complete home passenger automobile gross sales at 1,35,775 models as towards 1,39,133 in the identical month final yr.
Nonetheless, its total gross sales, together with exports, had been at 1,53,223 models as towards 1,50,630 in November 2019, a progress of 1.7 per cent.
Over the previous yr, value of the corporate’s automobiles have been impacted adversely on account of improve in varied enter prices, Maruti Suzuki India mentioned in a regulatory submitting.
“Therefore, it has turn out to be crucial for the corporate to cross on some affect of the above further value to prospects by means of a value improve in January 2021. This value improve shall range for various fashions,” it added.
At current Maruti Suzuki sells a spread of automobiles from entry-level small automotive Alto with value beginning at Rs 2.95 lakh to multi-purpose automobile XL6 priced as much as Rs 11.52 lakh (ex-showroom Delhi).
The corporate’s announcement comes at a time when the carmaker is recovering from the lockdown induced disruptions. In November, it had posted a 2.4 per cent decline in complete home passenger automobile gross sales at 1,35,775 models as towards 1,39,133 in the identical month final yr.
Nonetheless, its total gross sales, together with exports, had been at 1,53,223 models as towards 1,50,630 in November 2019, a progress of 1.7 per cent.