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Maruti Suzuki Hikes Prices of select models by 1.9 per cent; Stock Gains Nearly 1%

Maruti Suzuki Hikes Prices; Stock Gains Nearly 1%

Maruti Suzuki has hiked the costs for third time this 12 months, after the rise in January and April

Maruti Suzuki has hiked the costs of select models by 1.9 per cent with impact from right this moment i.e. September 6, 2021 “owing to increase in various input costs.” “The weighted average price increase in Ex Showroom Prices (Delhi) across select models is 1.9 per cent,” Maruti Suzuki mentioned. This is the auto main’s third value hike this 12 months, after the rise in January and April.

“In continuation to our earlier communication on thirtieth August 2021, please notice that with impact from 06th September 2021, the corporate introduced a value change for select models owing to extend in numerous enter prices,” Maruti Suzuki mentioned in a regulatory submitting to the inventory exchanges.

Maruti Suzuki had introduced final month that it might increase costs of its models owing to a rise in enter and manufacturing prices. 

Meanwhile, final week, Maruti Suzuki determined to voluntarily recall greater than 1.81 lakh models of select petrol models of the Ciaz, Ertiga, XL6, S-Cross, and the Vitara Brezza manufactured from May 4, 2018 to October 27, 2020. 

At 12:00 pm, Maruti Suzuki shares had been buying and selling greater by 0.6 per cent at Rs 6910 on the BSE as in opposition to a 0.27 per cent rise within the benchmark indices.

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