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Over the past year, the cost of the company’s vehicles have been impacted adversely due to increase in various input costs, Maruti Suzuki India said in a regulatory filing.
“Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in January 2021. This price increase shall vary for different models,” it added.
At present Maruti Suzuki sells a range of vehicles from entry-level small car Alto with price starting at Rs 2.95 lakh to multi-purpose vehicle XL6 priced up to Rs 11.52 lakh (ex-showroom Delhi).
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However, its overall sales, including exports, were at 1,53,223 units as against 1,50,630 in November 2019, a growth of 1.7 per cent.