Maruti Suzuki has announced a 0.45% price hike across its models due to increased cost pressure from inflation and increased commodity prices. The hike will take effect from January 16, 2024. The weighted average increase across models is around 0.45%. Other automakers, including Tata Motors, Mahindra & Mahindra, Honda Cars India, and luxury car dealer Audi, have also hiked prices this month
Maruti Suzuki Price Hike: Maruti Suzuki has announced a 0.45% price hike across its models due to increased cost pressure from inflation and increased commodity prices. The hike will take effect from January 16, 2024. The weighted average increase across models is around 0.45%. Other automakers, including Tata Motors, Mahindra & Mahindra, Honda Cars India, and luxury car dealer Audi, have also hiked prices this month.
Maruti Suzuki plans to increase its car prices in January 2024 due to rising commodity prices and inflation. The company aims to reduce costs and offset the increase, but may pass it on to the market. The price increase will vary across models, the company said in a stock exchange intimation.
Back in August, Maruti Suzuki said it would acquire parent Suzuki Motor's manufacturing facility in Gujarat to ensure better management control over the unit. The local car market leader said this will help it respond faster to customer needs in India.
Maruti Preferential Issue To Suzuki Motor Corp: Back in August, Maruti Suzuki said it would acquire parent Suzuki Motor's manufacturing facility in Gujarat to ensure better management control over the unit. The local car market leader said this will help it respond faster to customer needs in India.
Maruti Suzuki Q2 review: HDFC Institutional Equities said while it was expecting an margin improvement due to a richer mix, the extent of margin improvement came in as a surprise. There were no one-offs in the quarter, it noted.
Stocks that were in focus included names like Ultratech, which fell 0.17%, Maruti Suzuki, which gained 0.23%, and Trident, whose shares dropped 10% on Wednesday.
Maruti Suzuki India Ltd (MSIL) informed exchanges on Monday that its board has approved the purchase of 100% of the Suzuki Motors Gujarat (SMG) shares owned by SMC