Maruti increased price of its cars, if you buy in 2022, you will have to pay more money

Maruti Suzuki

New Delhi: The country’s largest carmaker Maruti Suzuki has announced to increase the prices of all its cars (Car Price Hike). Announcing this on Thursday, the company said that the new prices will be applicable from January 2022.

Maruti Suzuki India said that it will increase the prices of all models from next month amid rising costs. The company has issued a statement saying that it will increase the prices separately for different models.

What the company said in the exchange filing
Maruti Suzuki has said in an exchange filing that due to an increase in input costs in the last year, the cost of the company’s vehicles is being affected. Therefore, it has become necessary to pass some impact of the additional cost on the customers through an increase in prices.

The company had announced a price hike in the months of September, July, and March this year. The company is continuously increasing the prices of many models. Earlier, Maruti Suzuki had said that due to the shortage of semi-conductors, its production could be 80-85 percent in the month of December. Production and supply have become a major concern for automakers amid the shortage of semiconductors.


Maruti Suzuki sales fall
There has been a decline in the sales of Maruti Suzuki in the month of November. The company has faced a shortage of electronic components, due to which the company sold 1,39,184 vehicles in November, compared to 1,53,223 units sold a year ago. The sales figure for November 2021 includes domestic sales of 1,13,017 vehicles and other OEM sales of 4,774 vehicles. In November 2020, the total domestic passenger vehicle sales decreased from 135,775 to 109,726 vehicles.