Maruti Swift, CNG Variants Of Best Selling Maruti Cars Now Costlier By Rs 15,000: Check Full List Of New Price
A price hike is on the horizon for all the Maruti Suzuki cars as India’s largest carmaker Maruti Suzuki India announced on July 12.
Hike In Prices
The auto major Maruti Suzuki India Limited on Monday announced a price change for Swift and all CNG variants owing to an increase in various input costs.
The carmaker has hiked prices of hatchback Swift and CNG variants of other models by up to Rs 15,000.
in a regulatory filing, Maruti Suzuki India mentioned that the price change for Swift and all CNG variants is owing to an increase in various input costs.
Further, it said, “Increase in ex-showroom prices (Delhi) is up to Rs 15,000 on the above models. The new prices are effective from today i.e. July 12, 2021,”.
Maruti Suzuki said that the price increase in other models is planned shortly and shall be intimated accordingly.
Owing to this move, the shares of Maruti Suzuki surged over 1% higher in Monday’s opening deals to Rs 7,500 per share on the BSE.
Why Did This Happen?
During June, the carmaker said that it will increase the prices of its cars from July in order to pass on some impact of additional cost to customers.
As on June 21, Maruti Suzuki said, “This is to inform you that over the past year the cost of the company’s vehicles continues to be adversely impacted due to an increase in various input costs. Hence, it has become imperative for the Company to pass on some impact of the above additional cost to customers through a price rise,” in a filing.
Earlier, Swift was available at a price range of Rs 5.73 lakh to Rs 8.27 lakh (ex-showroom Delhi) across variants before this price hike.
So far, the carmaker sells CNG variants across its range of models, including Alto, Celerio, S-Presso, WagonR, Eeco and Ertiga with prices ranging from Rs 4.43 lakh to Rs 9.36 lakh.
Prior to this, during April this year, the company had hiked prices of most of its models, barring Celerio and Swift, by up to Rs 22,500 to partially offset the rise in input costs.