Maruti Suzuki Increases Prices Across All Models
India’s largest passenger vehicle manufacturer, Maruti Suzuki, has announced a significant increase in prices across all its car models in India. Every car model has seen an increase of 0.45% in price, effective from yesterday. Maruti Suzuki’s decision to increase prices is attributed to the rise in input costs and the high demand for raw materials. The company had warned last November that car prices would increase this year.
Other Companies Also Hike Prices
Maruti Suzuki isn’t the only one to increase its car prices. Other companies have also raised their car prices due to an increase in production costs and support costs. Companies like Tata Motors, Honda, Mahindra, Hyundai, SKODA, and Audi have also increased their prices. The introduction of new models and features has also contributed to the increase in car prices.
Maruti Suzuki’s Sales Report for December 2023
In the recent December 2023 sales report, Maruti Suzuki saw a decrease of 1.28% in sales. Maruti Suzuki sold 1,37,551 units in December 2023, compared to 1,39,347 units sold in the same month in 2022. The main concern is the decrease in sales of small hatchbacks like the Alto and Selerio, which saw a 29% decline in sales in December 2022.
Summary
- Maruti Suzuki, India’s largest passenger vehicle manufacturer, has increased the prices across all its car models due to rising input costs and high demand for raw materials.
- Other car manufacturers like Tata Motors, Honda, Mahindra, Hyundai, SKODA, and Audi have also increased their prices due to similar reasons.
- In the December 2023 sales report, Maruti Suzuki saw a decrease of 1.28% in sales, selling 1,37,551 units as compared to 1,39,347 units sold in December 2022.
- There was a significant 29% decline in the sales of small hatchbacks like the Alto and Selerio in December 2022.
