New Delhi: Auto companies are constantly giving inflation shocks to their customers. In January at the beginning of the new year and again in April at the beginning of the new financial year, auto companies increased the prices of their vehicles. Now the country’s largest carmaker Maruti Suzuki has announced to increase in the prices of its cars.
The increased prices of Maruti Suzuki cars have come into effect from today. The company says that it has to take this step due to the increase in the cost of production. Maruti Suzuki has given information about increasing the prices of all cars by 1.3 percent.
Maruti Suzuki says that due to an increase in various input costs in the last year, the company’s profits are being affected. By not compromising on profits, the company has decided to pass on the increased cost to the customers. The prices of the new vehicles of the company have increased from today itself.
These companies also increased the prices
Before Maruti Suzuki, on April 1, many companies including Mercedes, BMW, Audi, Toyota, Mahindra, and Mahindra had increased the prices of their cars. Tata Motors had increased the prices of its commercial vehicles by up to 2.5%. Toyota Kirloskar Motor had increased the prices of their cars by up to 4 percent, BMW and Audi by 3.5 percent.
Auto companies say that due to the increase in commodity prices in the global market, the cost of production has increased. Due to this companies have decided to increase the prices of their products.
Maruti’s electric car (Maruti Suzuki Electric Car)
Maruti Suzuki is now going to enter the electric vehicle market. Maruti Suzuki is planning to launch its first electric car by 2025. The company’s new Managing Director and CEO Hisashi Takeuchi said that soon the company will introduce an electric car.
