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Over the past year, the cost of the company’s vehicles has been impacted adversely due to an increase in various input costs, the auto major 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 April 2021,” it added.
The price increase shall vary for different models, it added.
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On January 18 this year, the automaker had announced to hike prices of select models by up to ₹34,000 due to a rise in input costs.
MSI sells a range of models from entry-level hatchback to S-CROSS crossover, priced ₹2.99 lakh and ₹12.39 lakh (ex-showroom prices Delhi).