Maruti Suzuki increased prices for its hatchback Swift and certain variants of its SUV Grand Vitara. The Swift saw a hike of up to Rs 25,000, while only the Sigma variant of the Grand Vitara rose by Rs 19,000. This follows Maruti s previous hike in January, mirroring similar moves by other automakers due to rising input costs.
Maruti Suzuki Price Hike: The Swift which currently ranges between INR 5.99 lakh and INR 9.03 lakh has received a price hike of up to INR 25,000, and Sigma variant of the Grand Vitara priced between INR 10.80 lakh and INR 20.09 lakh, received a price hike of INR 19,000, the company said in its regulatory filings.
Maruti Suzuki stock rose 1.53% intraday to Rs 10,241.15 against the previous close of Rs 10,086.45 on BSE. Market cap of Maruti Suzuki rose to Rs 3.20 lakh crore on BSE.
Maruti Suzuki Price Hike: Maruti Suzuki has announced a 0.45% price hike across its models due to increased cost pressure from inflation and increased commodity prices. The hike will take effect from January 16, 2024. The weighted average increase across models is around 0.45%. Other automakers, including Tata Motors, Mahindra & Mahindra, Honda Cars India, and luxury car dealer Audi, have also hiked prices this month.