Maruti Suzuki price hike planned for all the models from January 2024
Maruti Suzuki announces price hike in response to escalating production costs. India’s largest carmaker has disclosed its decision to increase the prices of its vehicles starting January 2024.
Although the company has not provided specific details regarding the extent of the price hike, it attributes the decision to mounting pressures from increased input costs, fuelled by general inflation and a rise in commodity prices.
The primary driver behind Maruti Suzuki’s decision to implement a price hike is the escalating production costs. The company cites the dual impact of overall inflation and a notable surge in commodity prices as the key factors influencing this move.
While the exact percentage of the price increase remains undisclosed, consumers can anticipate adjustments in the cost of their preferred Maruti Suzuki models. The decision comes at a time when several industries are grappling with economic uncertainties and supply chain disruptions. However, Maruti Suzuki assures its customers of a continued commitment to delivering high-quality vehicles that align with evolving market demands.
We believe more carmakers and two-wheeler companies will join this move of increasing prices, which has become a norm with every new calendar year. In the recent past we have seen carmakers increasing prices minimum three times a year citing high input costs. Let’s hope it is a marginal hike and doesn’t affect the buying decisions of Indian consumers.
Maruti Suzuki’s extensive portfolio currently comprises 17 models available through its Arena and Nexa outlets. The lineup includes models such as the Wagon R, Celerio, S-Presso, Swift, Alto, Dzire, Brezza, Ertiga, Eeco, Baleno, Ciaz, Ignis, Grand Vitara, Fronx, XL6, Jimny, and the recently launched Invicto. The diverse range caters to a broad spectrum of consumers with varying preferences and needs.
What are your thoughts on this decision by Maruti Suzuki? Let us know in the comments section.
