New Delhi- Marti Suzuki India on Monday mentioned it plans to extend costs of its autos in January 2024, citing value stress pushed by general inflation and elevated commodity charges.
The corporate, which sells a spread of autos from entry-level small automotive Alto to multi-utility car Invicto, priced between Rs 3.54 lakh and Rs 28.42 lakh (ex-showroom Delhi), nevertheless, didn’t specify the quantum of the proposed value hike.
“The corporate has deliberate to extend the costs of its vehicles in January, 2024 on account of elevated value stress pushed by general inflation and elevated commodity costs,” Maruti Suzuki India mentioned in a regulatory submitting.
It additional mentioned, “Whereas the corporate makes most efforts to scale back value and offset the rise, it could need to move on some improve to the market. This value improve shall fluctuate throughout fashions.”
Earlier within the day, German luxurious automotive maker Audi mentioned it is going to hike costs of its autos in India by as much as 2 per cent from January subsequent 12 months, citing rising enter and operational prices.
The value hike might be efficient from January 1, 2024 and might be throughout the mannequin vary, Audi India mentioned in a press release.
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