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Maruti Suzuki cars will become expensive from c other companies can also increase

Behind the rising prices of cars, companies are constantly telling the cost of raw materials to become expensive. On the other hand, Maruti Suzuki cars are going to be expensive once again from September. Apart from this, if reports are to be believed, other automakers will also increase the prices of their cars.

Maruti Suzuki India is once again ready to increase the prices of its cars. From next month, Maruti is expected to hike prices of cars as the carmaker has confirmed that it will implement another price hike, the third since January this year. From Alto to Vitara Brezza, Maruti plans to increase the prices of all the models currently offered in the market. According to media reports, not only Maruti Suzuki but all automakers are troubled by the ever-increasing raw material price and can increase the prices of their vehicles from September to October.

In a statement issued today, Maruti Suzuki India Limited said, “Over the past one year, the cost of the company’s vehicles is being adversely affected due to increase in various input costs. Hence, some of the additional cost is passed on to the customers through price hike.” It has become imperative to make an impact. The new prices are going to be effective from September, just before the upcoming festive season. However, Maruti has not clarified how big the hike will be. Earlier, Maruti had doubled the prices of its cars. In January, Maruti hiked prices of its cars by up to Rs 34,000 on some car models, citing increase in input cost. In April, when it decided to implement the second hike, its cars Prices increased by about 1.6 percent.

Maruti Suzuki is not the only Indian carmaker which has hiked the prices of its cars due to rising cost. The Indian auto industry has been battling weak demand and high costs since the coronavirus pandemic in March last year. Since then, over the past few months, auto companies have seen a return to demand, but have also warned about the uncertainties ahead. Many car makers have also increased the prices this year in line with the rising cost.

Let us tell you that in July, Mahindra & Mahindra increased the prices of all its models for the third time this year. In the previous hike, Mahindra Thar saw the highest price revision as some of its variants became costlier by around ₹1 lakh. Before July, Mahindra revised the prices of its vehicles twice in January, followed by May. Tata Motors also increased the prices of its cars earlier this month. An average increase of 0.8% was implemented across all models. In May too, Tata Motors had hiked the prices of its cars, making them costlier by up to Rs 36,000 for some models.

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