Highlights

  • Semiconductor shortage has led to huge pending orders
  • The price rise shall vary for different models

Latest news

Bill Gates follows Mahesh Babu on social media, shares picture of his meet with him and Namrata Shirodkar

Bill Gates follows Mahesh Babu on social media, shares picture of his meet with him and Namrata Shirodkar

Wimbledon 2022: 'bad boy' Nick Kyrgios fined $10,000 for misconduct in round 1 match

Wimbledon 2022: 'bad boy' Nick Kyrgios fined $10,000 for misconduct in round 1 match

Everton forward Richarlison signs for Tottenham

Everton forward Richarlison signs for Tottenham

Uddhav Thackeray wonders: why did BJP refuse to give CM post to Shiv Sena in 2019

Uddhav Thackeray wonders: why did BJP refuse to give CM post to Shiv Sena in 2019

Explained: What are electoral bonds, issue opens July 1

Explained: What are electoral bonds, issue opens July 1

Maruti Suzuki to hike car prices in April

Price hikes due to sharp rise in commodity prices for manufacturers

Maruti Suzuki, India's top carmaker, announced Wednesday to hike vehicle prices in April 2022 owing to the rising input costs. This marks the fifth hike in prices in the last 18 months, amounting to over a 10% hike in prices.

In an exchange filing, Maruti said, “Over the past year, the cost of Company's vehicles continue to be adversely impacted due to increase in various input costs. Therefore, it has become imperative for the Company to pass on some impact of the above additional costs to customers through a price hike. We have planned this price rise in April, 2022. The increase shall vary for different models."

Touching upon supply chain issues, Maruti Suzuki's Senior Executive Director Shashank Srivastava told PTI, the semiconductor shortage has led to huge pending orders in the industry. "We alone are sitting on pending bookings of around 2.7 lakh units. Rise in commodity prices also impacts the business. We have taken a price hike of around 8.8% from January 2021 till now."

Maruti Suzuki clocked the highest-ever exports of 2.38 lakh units in FY22.

Up Next

Maruti Suzuki to hike car prices in April

Maruti Suzuki to hike car prices in April

Is there a social army riding online to defend Ola?

Is there a social army riding online to defend Ola?

Tata Motors EV reveal: 500 kms from a 30 minute charge, see pictures

Tata Motors EV reveal: 500 kms from a 30 minute charge, see pictures

Explained: EV fires, the burning issue and if recalls are enough

Explained: EV fires, the burning issue and if recalls are enough

2nd EV recall after battery fires, PURE calls back 2000 e-scooters

2nd EV recall after battery fires, PURE calls back 2000 e-scooters

E-scooter fires: Nitin Gadkari sends stern warning, urges for recall

E-scooter fires: Nitin Gadkari sends stern warning, urges for recall

More videos

EV battery fires: Ola's Bhavish Aggarwal trolled for dancing video on Twitter

EV battery fires: Ola's Bhavish Aggarwal trolled for dancing video on Twitter

EV battery fire: 1 dead, 2 injured in Telangana; FIR against manufacturer

EV battery fire: 1 dead, 2 injured in Telangana; FIR against manufacturer

Electric scooter recall announced due to fire safety issues

Electric scooter recall announced due to fire safety issues

Ola and other e-scooters to be recalled?

Ola and other e-scooters to be recalled?

Driving ahead as an example: Nitin Gadkari rides in a hydrogen-powered car

Driving ahead as an example: Nitin Gadkari rides in a hydrogen-powered car

Ola to be probed by government, burning issues go viral

Ola to be probed by government, burning issues go viral

Elon Musk busts out the moves: Tesla fans and netizens swoon over #GigaBerlin

Elon Musk busts out the moves: Tesla fans and netizens swoon over #GigaBerlin

Hyundai and Kia ask 500,000 vehicle owners to park outside due to fire risk

Hyundai and Kia ask 500,000 vehicle owners to park outside due to fire risk

Govt to Tesla: Can't have a shop in India and jobs in China

Govt to Tesla: Can't have a shop in India and jobs in China

Pak Hyundai Kashmir row: South Korean minister calls up Indian govt to express 'regret'

Pak Hyundai Kashmir row: South Korean minister calls up Indian govt to express 'regret'

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.