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Will Maruti increase car prices in 2021?
Earlier last month, Maruti Suzuki announced a price hike, to be effective on its models from September 2021. Now, the carmaker has revealed that the price would be hiked on select models by 1.9 percent, effective September 6, 2021. The price increment ranges from Rs 1,000 to Rs 22,500, depending on the model.
Why Maruti sales are down?
“Sales volume of the company in September 2021 was adversely impacted due to shortage of electronic components. The company took all possible measures to limit the adverse impact,” the auto major stated.
Which is the cheapest car in Maruti Suzuki?
Alto
Maruti Suzuki Cars. Maruti Suzuki car price starts at Rs 3.15 Lakh for the cheapest model which is Alto and the price of most expensive model, which is XL6 starts at Rs 9.94 Lakh.
Are car prices going up in April 2021?
Come April 1, 2021, the Indian auto sector will receive a second price hike of the year as we move to the new financial year. The first hike took place earlier this year in January, when all automakers hiked prices for their cars.
Will car prices increase in October 2021?
Toyota Kirloskar Motor (TKM) has today announced that it will realign the prices of its vehicles from October 2021. It will partially offset the impact of the rising input costs. Given the inflation, there’s a continuous escalation in auto component and commodity prices.
Is Maruti car price increasing?
India’s top carmaker Maruti Suzuki on Thursday announced that the company will increase prices in January 2022 due to increase in various input costs. “Over the past year, the cost of Company’s vehicles continue to be adversely impacted due to increase in various input costs.
Are car prices expected to go up?
Since March of 2020, used car prices are up a staggering 39.8\%, according to the U.S. Bureau of Labor Statistics’ Consumer Price Index. During that same period, the BLS inflation measurement for new car prices is up 8.9\%, while overall, U.S. inflation is up 6.3\%.