Price hike for Maruti Suzuki vehicles from January 2020
Maruti Suzuki India will be increasing car prices from January 1, 2020. In the company’s BSE filing, Maruti Suzuki has said that the increase in various input costs has adversely affected the cost of its vehicle. Therefore, the company has decided to pass on some impact of the additional cost to its customers through a price increase across various models.
The price hike will happen across the company’s model range and the amount will vary for different models, however, it’s yet to decide on the quantum of the price hike.
“The cost of Company’s vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the Company to pass on some impact of the above additional cost to customers through a price increase across various models in January 2020. This price increase shall vary for different models.”
The company had attributed the price hike to the impact of rising commodity prices and foreign exchange rates. The cyclical price revision happens at the start of every year and has become a norm in the auto industry.
