Maruti Suzuki Set To Hike Cars Prices Due To Surging Cost Pressure

Maruti Suzuki India issued a BSE filing today (November 27, 2023) saying it has planned to hike prices of its cars beginning from January, 2024 due to increased cost pressure driven by overall inflation and increased commodity prices. Last trading price of Maruti Suzuki India share price BSE is Rs 10,518.10 apiece with intraday gain of 0.23% as on November 24, 2023. Maruti Suzuki India shares offered return of 25% year-to-date and jumped 37% in last 2-years. Check details below:

Maruti Suzuki India To Increase Prices Of Its Cars: According to the BSE filing of the company issued on November 27, 2023, "The Company has planned to increase the prices of its cars in January, 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices. While the Company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market."

Maruti Suzuki has not disclosed the scale of the price hike but has announced that it would vary across its model. Earlier this year on April 1, Maruti Suzuki increased the prices of its cars by 0.8% across the model range.

Maruti Suzuki India Stock Price & Return: The stock's 52-week high price is Rs 10,846.10 apiece and 52-week low price is Rs 8076.65 apiece, respectively. It has a market capitalisation of Rs 3,17,730.83 crore. Maruti Suzuki India shares offered return of 17.50% in last 1-year, gained 37% in last 2-years, and surged 47% in last 3-years. In last 5-years, Maruti Suzuki India shares gained 42% in last 5-years.

Maruti Suzuki India About: Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Motor Corporation, Japan, is India's largest passenger car maker. Maruti Suzuki is credited with having ushered in the automobile revolution in the country. The Company is engaged in the business of manufacturing and sale of passenger vehicles in India. Making a small beginning with the iconic Maruti 800 car, Maruti Suzuki today has a vast portfolio of 16 car models with over 150 variants. Maruti Suzuki's product range extends from entry level small cars like Alto 800, Alto K10 to the luxury sedan Ciaz, according to its official website.