Maruti Suzuki has increased the price of its automobiles from April 1, 2023. According to the automaker’s regulatory filing, the weighted average increase across all models is expected to be around 0.8 per cent and was calculated using Delhi model ex-showroom prices. It was added that it would be effective from April 1, 2023.
On 23 March, MSI announced that it would increase the prices of its model range in April to partially offset the impact of “overall inflation and regulatory requirements”. The company has witnessed an increase in cost pressure driven by overall inflation and regulatory requirements, the automaker had said.
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While the company makes maximum efforts to reduce costs and partially offset the increase, it has become imperative to pass on some of the impact through price hike, it had said.
Several automakers including Honda Cars, Tata Motors, and Hero MotoCorp have already announced a price hike from April. From April 1, vehicles will be required to have onboard self-diagnostic equipment to monitor real-time driving emission levels, in line with stricter emission norms.
with PTI inputs