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Maruti Suzuki is but to reveal the quantum of the value hike or will or not it’s on choose fashions or throughout the vary.
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Maruti Suzuki might be incresing costs of its automobiles from January 2021.
Maruti Suzuki might be rising costs of its automobiles subsequent month, with results from January 01, 2021. The firm is but to reveal the quantum of the value hike or will or not it’s on choose fashions or throughout the vary. The Indian carmaker has cited enhance in enter price (price of uncooked supplies) as the first motive of the value hike. Price revision on the finish of the yr has develop into a norm within the auto trade and all main carmakers marginally enhance the costs of their automobiles throughout this time of the yr.
Also Read: Maruti Suzuki Announces Online Car Financing Platform For Nexa Customers
“Over the past year, the cost of company’s vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in January 2021,” Maruti Suzuki stated in a regulatory submitting on the Bombay Stock Exchange (BSE).
Also Read: Maruti Suzuki Registers 6 Per Cent Production Growth In November 2020
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Maruti will not be the primary carmaker to announce value enhance this yr. Carmakers like Hyundai and Ford have already elevated costs earlier this yr. Even premium carmakers like BMW and Audi had marginally elevated costs of choose fashions earlier in October and November, respectively. Maruti Suzuki has additionally stated within the submitting that the value hike will fluctuate from mannequin to mannequin, however is but to share the share of value hike.
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