New Delhi. The country’s largest car manufacturer Maruti Suzuki is going to increase the prices of its cars by up to 4% from the new year i.e. January 2025. The company says that this step has been taken to balance the rising input costs and operating expenses. The company gave this information in an exchange filing on December 6.
The company’s statement said, “In view of the increasing input costs and operating expenses, it has been decided to increase the prices of cars from January 2025. This increase in prices will vary depending on different models and can be up to a maximum of 4%.”
Trying to have minimal impact on customers
Maruti Suzuki also said that it is trying to keep its impact on customers to a minimum. However, “it may be necessary to pass on some of the increased costs to market,” the company clarified.
The stock of India’s largest carmaker was trading 0.58% higher at ₹11,246.9 at 12:06 am on December 6.
first published : December 6, 2024, 12:24 IST