Maruti Suzuki will raise model range prices from April

0
107

Maruti Suzuki India on Thursday it said it will raise the prices of its model range in April to partially offset the impact of “general inflation and regulatory requirements”. However, the auto major did not share the amount of the price hike it plans to implement from next month.

The company continues to witness increasing cost pressures due to general inflation and regulatory requirements, the automaker said in a filing.

While the company is doing everything it can to cut costs and partially offset the increase, it has become imperative to pass on some of the impact via a price increase, it added.

The company has scheduled this price increase in April 2023, which will vary by model, Maruti Suzuki declared India.

Already several car manufacturers, including Honda Cars, Tata engines And Held MotoCorphave announced price increases from April.

The Indian automotive industry is working to make its products meet the second stage of BSVI emission standards.

From April 1, vehicles must have a self-diagnostic device on board to monitor real-time driving emission levels.

The device continuously monitors key components to meet emission standards, such as the catalytic converter and oxygen sensors, to closely monitor emissions.

ALSO SEE:
Consumer Commission Orders Retailer Flipkart To Pay ₹25,000 Compensation For Sending Detergent Instead Of iPhone
Missing chai breaks and more 80% Indian workers go back to office by choice, says LinkedIn survey