In a recent move, Maruti Suzuki has decided to increase the prices of its cars starting January 16, 2024.
The company had previously communicated on November 27, 2023, stating that the average cost of all models would witness a rise of approximately 0.45 percent.
This adjustment is based on the ex-showroom prices of the models in Delhi.
Cost Pressures Prompt the Increase
Attributing the price hike to the surge in costs, Maruti Suzuki cites inflation and escalating commodity prices as the primary factors.
Despite the company’s continuous efforts to minimize costs and absorb price hikes, the unavoidable circumstances have led to the decision to adjust the prices of their vehicles.
Planned Price Adjustment in the New Year
As part of their strategic planning, Maruti Suzuki had already outlined the intention to increase car prices in January 2024.
The recent announcement aligns with the company’s proactive approach to managing cost challenges, ensuring sustainability and continued product excellence.
Stay tuned for more updates on the automotive industry as we track the impact of these price adjustments on the market.
