Maruti Suzuki price hike is the only thing that makes the Indian audience sad about their car buying experience. MSIL, being the largest automaker in India affects the largest audience even with the slightest price hike! This time too, the automaker has announced just 1.9% price hike for select models in their lineup. Earlier, they had put out a circular on August 30th but did not provide clarity on the effective date and the exact percentage.
The price hike will be effective from September 6th 2021 and will be put on the ex-showroom prices. The exact price will be disclosed soon on the official website itself. The automaker had increased prices in January and now that India faces Maruti Suzuki price hike once again, the total hike amounts to around 3.5%.
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MSI Senior Executive Director (Sales and Marketing) Shashank Srivastava said that the automaker had no other choice but to increase the prices by a bit in order to offset the impact of high commodity costs. Getting in the exact numbers, steel prices rose from ₹38 per kg last year to ₹65 per kg in May-June this year.
Similarly, copper prices have also increased from USD 5,200 per tonne to USD 10,000 per tonne.
Earlier, Maruti Suzuki price hike was limited to the CNG models only but now, they have expanded the hike to their whole lineup. As said, we don’t know the current exact pricing of the cars right now but what we know till now is MSIL continues to top the sales chart and will continue selling like this only because the raw material cost hike will affect all the automakers anyhow.
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What do you think about Maruti Suzuki price hikes? Will this affect the sales? DO let us know in the comments section below!
