New Delhi. Country’s largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased the prices of all its passenger vehicles except the Celerio by up to 1.9 per cent with immediate effect. The company said in a regulatory notice that it has decided to increase the prices due to increase in various input costs. The company said that the ex-showroom prices of passenger vehicles (New Delhi) were increased by an average of 1.9 percent.
Because of this, Maruti increased the price – MSI has increased the prices for the third time this year. Earlier, it had increased the prices in January and April overall by about 3.5 per cent. Currently, the company sells a range of models from the entry-level hatchback Alto to the S-Cross, which are priced between Rs 2.99 lakh and Rs 12.39 lakh (ex-showroom Delhi) respectively. The carmaker had said last month that it was necessary to increase the prices. Because he has to save his profitability amidst rising prices of goods.
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MSI senior executive director (sales and marketing) Shashank Srivastava had said the company was left with no option but to hike prices to offset the impact of higher cost of goods. He had said that steel prices rose to Rs 65 per kg in May-June this year from Rs 38 per kg in the corresponding period last year. At the same time, copper prices also doubled from $5,200 a tonne to $10,000 a tonne during this period.
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