New Delhi: Maruti Suzuki India, the largest automaker in the nation, said on Friday that starting in January 2023, the pricing of its models will rise.
The business stated that the price increase will differ between models without providing any details.
The corporation is still dealing with rising costs brought on by general inflation and recent regulatory constraints. It has become necessary to pass on some of the burden through an increase in price, even while the firm takes every effort to decrease costs and partially offset the rise, the automaker stated in a statement.
It said on Thursday that domestic passenger car sales will increase by 20.6% to 132,395 units in November 2022. In the comparable time last year, the business sent out 109,726 units.
Sales of mini-cars, which include the Alto and S-Presso, jumped from 17,473 units in the same month last year to 18,251 units this month.
Sales of utility vehicles, such as the Vitara Brezza, S-Cross, and Ertiga, increased from 24,574 to 32,563 units in the same month last year.
Today, Hyundai Motor India said that all of its model prices will be rising. The auto manufacturer has stated that the price increase is due to growing input costs, and the higher pricing will take effect on January 1, 2023.More
The K-Series 1.0L Dual Jet, Dual VVT engine powers the third-generation Alto K10, which goes on sale in August 2022. In CNG mode, the engine produces a maximum torque of 82.1Nm at 3400 RPM and a peak power output of 41.7kW at 5300 RPM.More