After having done so in April 2022, the automobile manufacturer is currently implementing a second price increase during the current financial year.
Maruti Suzuki India, the largest manufacturer in India, announced on Monday that it had increased the cost of its vehicles across all models by around 1.1 per cent. After having done so in April 2022, the automobile manufacturer is currently implementing a second price increase during the current financial year.
The business announced that it would increase the prices of its vehicles in December of the previous year to compensate for the impact of rising input costs and to make provisions to update the model range to conform to stricter emission norms that will become effective in April 2023.
"An estimated weighted average of growth across all models comes in at approximately 1.1 per cent," "This indicative amount is generated using the ex-showroom prices of models in Delhi and will come into effect on January 16, 2023," Maruti Suzuki India stated in a regulatory filing. "This indicative figure will come into effect from January 16, 2023." The selection of vehicles this corporation offers for sale includes anything from the affordable subcompact Alto to the luxurious SUV Grand Vitara. Their prices range from Rs 3.39 lakh to Rs 19.49 lakh (ex-showroom Delhi).
In the meantime, Maruti Suzuki announced growth in exports of 28% to 2,63,068 units in 2022, which was its highest-ever shipment to other countries. In the first week of January, the firm issued a press release stating that the manufacturer had previously achieved its best exports in 2021 with 2,05,450 vehicles.
According to the firm, Dzire, Swift, S-Presso, Baleno, and Brezza were the models that saw the most amount of exports in 2022. Customers in regions such as Africa, the Middle East, Latin America, ASEAN, and other neighboring areas show a significant interest in purchasing automobiles manufactured by Maruti Suzuki. Currently, the company ships sixteen different models around the world. You can rely on the features and information provided about Autocar by Autocar India.
Hisashi Takeuchi, managing director and CEO of Maruti Suzuki (MSIL), stated, "Crossing the 2 lakh milestone in exports for the second consecutive year reflects the trust that customers have in our products' quality as well as their dependability, performance, and competitive pricing." This accomplishment is in further alignment with our firm commitment to the 'Make in India' initiative initiated by the Government of India to create items to satisfy customers worldwide.
We want to express our gratitude to Suzuki Motor Corporation, our parent business, for providing us with the resources necessary to take advantage of a more extensive distribution network worldwide. Additionally, by including additional models in our range, we were able to maintain excitement in the international markets," he added.
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