Maruti Suzuki cars get more expensive as prices have been increased for few models

Maruti Suzuki India Limited (MSIL), one of the largest carmakers in India, has announced a price hike for a few selected vehicles that will come into effect from January 18. Other automobile companies such as Hyundai and Kia have also hiked their car prices, including Mahindra and Mahindra Ltd, which hiked their price for personal and commercial vehicles by 1.9 percent.

“The Company is increasing the price for select models owing to an increase in various input costs. The price change varies across models and ranges up to Rs. 34,000 (Ex-Showroom – Delhi),” said the automaker in a regulatory filing as per the reports from the Mint.

The main reason for the price hike is because of the rise in the input costs that include a sharp hike in raw materials and steel costs as stated by the automobile company.

According to industry sources, Maruti Suzuki has raised the prices of a few models. The price of Maruti S-Presso has been hiked up to INR 7000, Celerio up to INR 19,400, Wagon-R up to INR 23,200, Alto up to INR 14,000, Maruti Swift up to INR 30,000, Maruti Dzire up to INR 12,500, Maruti Vitara Brezza up to INR 10,000, Ertiga MPV up to INR 34,000, Eeco up to INR 24,200, Maruti Tour S up to INR 5,061 and Maruti Super Carry up to INR 10,000.

In December 2020, the total production of Maruti Suzuki had increased 33.78 percent to 1,55,127 units as was told by the company itself. Maruti Suzuki also reported a 20 percent increase in its overall sales during December 2020 on a year-on-year basis.

Meanwhile, on January 15, Maruti Suzuki launched an online financing platform called ‘Smart Finance’ across more than 30 cities of Maruti Suzuki ARENA customers. The launch of Smart Finance will digitize 24 out of 26 steps in the process of the customer vehicle purchase.

“Maruti Suzuki is India’s first OEM (Original equipment manufacturer) to offer an online end-to-end real-time car finance service facility. We are overwhelmed with the response to our Smart Finance platform from our NEXA customers. Now, we want to extend the ease of a car buying journey for our ARENA customers as well. The pandemic situation in the country has further increased the usage of digital platforms. With Smart Finance, we aim to reach out to a larger audience, assist them and make every stage of the loan process transparent”, said Shashank Srivastava, executive director (Marketing & Sales), Maruti Suzuki India about the initiative.



Please enter your comment!
Please enter your name here

Hot Topics

C-SEED introduces world’s first 165-inch 4K foldable MicroLED TV

The ultra-luxury TV market just received a stunning new entry in the same of a 165-inch foldable MicroLED TV courtesy of high-end Austrian company...

Step up you laundry game with new health care features

Almost a year has passed since life as we knew was impacted by one of the most catastrophic events in human history. With the...

Vivo S9 5G key specs confirmed by Vivo ahead of official launch

Vivo has released an official teaser for the upcoming Vivo S9 5G that is set to be launched on March 3rd. The design of...

Related Articles

OnePlus Nord 2 rumoured to launch in Q2; tipped to be the first one without Qualcomm chipset

The smartphone rumour mill was in full swing anticipating the launch of the OnePlus 9 series but the OnePlus Nord 2 has popped up...

Xiaomi rises as third biggest player in Latin America market in Q4 2020

LATAM smartphone shipments dropped 10.3 percent YoY (Year over Year) in Q4 2020 but increased 9.7 percent QoQ (quarter-on-quarter) driven by recovery from...

Xiaomi Mi TV with MediaTek T31 chipset spotted on Google Play Console

While popular for its feature-heavy and easy-to-afford smartphones, Xiaomi is also known for its laptops, smart wearables, TVs, and other products. Amid a busy...