Country present in the last fiscal year of the fiscal year. Maruti Suzuki, India's largest automobile company, announced the rise in the price of vehicles before the start of the new fiscal year. The Indo Japanese company is about to increase the price of all cars up to 5% since April. Maruti Suzuki's share price has risen to 2% since the announcement of the price rise. New prices will apply from next month.
Why is Maruti Suzuki car prices rise?
The company argues to increase prices, “Due to the increasing input cost and management cost, the car has been planned to raise the price of the vehicle from April 2021. The price rise is expected to be up to 5% and this growth rate will vary depending on the model. ”
Maruti Suzuki India told this to the stock market on Monday, March 7. That is, the price of all cars will increase by 5%, but according to the models and variants of different vehicles, the price may rise differently.
Maruti Suzuki's sold
Last month, the company sold a total of 1.5 units of cars, which is 5% higher than the 5 units sold in the same month last year. In February, the total sales include 1,5,7 internal sales, 5 units were sold to other companies and 20,220 units were exported.
Exports have dropped by 5.7% compared to February last year. It is to be noted that the sale of Maruti Suzuki's passenger vehicle in the country increased by 5.12% in the country, which was 5,2,2 units of the same period last year.
