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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. ....
The pandemic depressed the passenger vehicle market across the world. India emerged as the fastest-growing automobile market for a key reason. Semiconductor chips, important components for cars, went scarce due to the pandemic disrupting supply chains. And when the pandemic effect started waning, there was a big scramble for those chips. India was able to produce cars faster than other major markets because its cars have fewer chips. ....
Maruti Suzuki, India s largest automaker, reported a 3.39% YoY increase in total sales in November. Domestic sales, including passenger and commercial vehicles, inched up 1.57% from the previous year. While sales of entry-level mini cars declined, utility vehicle sales increased, contributing to the overall growth, the company said on Friday. ....