New Delhi: India’s largest carmaker, Maruti Suzuki, has increased prices of its vehicles with effect from April 1, 2023, reported PTI.
An estimated weighted average of increase across all models stands at around 0.8 per cent and is calculated using ex showroom prices of models in Delhi, the auto major said in a regulatory filing. This is effective from April 1, 2023, it added.
On March 23, MSI had announced that it will increase prices of its model range in April to partially offset the impact of “overall inflation and regulatory requirements”. The company continues to witness increased cost pressure driven by overall inflation and regulatory requirements, the automaker had stated.
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, it had said. Already several automakers, including Honda Cars, Tata Motors and Hero MotoCorp, have announced increase in prices from April.
From April 1, vehicles will need to have an on-board self-diagnostic device to monitor the real-time driving emission levels, conforming to the stricter emission norms.
Meanwhile, Maruti Suzuki India has discontinued the Alto 800, its entry-level model, as reported by India Today.
The production of the hatchback has been stopped and the automaker is selling a few remaining units in stock now. In the year 2016, the entry-level hatchback segment was approximately 15 per cent of the total market size. The volumes were around 4,50,000 units. In the year 2023, it came down to 7 per cent which is around 2,50,000 units.
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