The Indian branch of Maruti Suzuki said that the price of the car has been going up since January 2022. The main reason was the increase in input costs. The company, which is well-known as a brand that caters to middle-class drivers, has announced a 0.1 to 4.3 percent price increase, according to its own model, which will take effect today. As a result, those who have decided to buy a car in the new year, naturally have a lot of worries in their foreheads.
Maruti Suzuki has said that the increased price will affect the ex-showroom price of the car. From Alto to S-Cross, the price range of the company’s multiple models in this country is around Rs 3.15-12.56 lakh.
Incidentally, Maruti Suzuki raised car prices three times in total last year – in January, April, and September. In 2021, the inflation rates were 1.4%, 1.6% and 1.9% respectively. In all, it stands at 4.9%. The company has repeatedly put that one ‘input cost’ as the reason for the price increase so many times.
Maruti Suzuki has also argued that increasing some of the cost of other essential equipment and raw materials such as steel, aluminum, copper, plastics and precious metals should be borne by consumers.