New Delhi: The country’s largest carmaker Maruti Suzuki India on Friday said it will increase prices of its models from January 2023.
The company, without specifying, said that the price increase will vary across models.
“The company continues to witness increased cost pressure driven by overall inflation and recent regulatory requirements. While the company makes maximum effort to reduce cost and partially offset the increase, it has become imperative to pass on some of the impact through a price increase,” the carmaker said in a statement.
On Thursday, it reported a 20.6% growth in its domestic passenger vehicle sales to 132,395 units in November 2022. The company dispatched 109,726 units in the year-ago period.
Sales of mini-cars, comprising Alto and S-Presso, increased to 18,251 units as compared with 17,473 in the same month last year. Sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, rose to 72,844 units as against 57,019 cars in November 2021.
Sales of mid-sized sedan Ciaz increased to 1,554 units as compared with 1,089 units in November last year.
Utility vehicle sales, including Vitara Brezza, S-Cross and Ertiga, rose to 32,563 units as compared with 24,574 vehicles in the year-ago month.