New Delhi. Maruti Suzuki India, the country’s largest carmaker, has announced that its prices will rise on Monday. The business has raised the cost of CNG variants of its Swift hatchback and other models by up to Rs 15,000 on the company’s website.
The prices of Swift and other CNAG versions have increased due to cost escalation, according to the information provided in the regulatory filing. According to information provided by the corporation, ex-showroom prices have increased by up to Rs 15,000 as of today, July 12, 2021.
The Swift was priced at Rs 5.73-8.27 lakh ex-showroom in Delhi before the price increase. Only last month, the firm announced its decision to raise the pricing of its cars starting in July in a regulatory notice, but it did not specify how much the prices would rise.
Maruti cars have become expensive even in January and April
Earlier, Maruti has increased the prices of its different models of vehicles in April 2021 citing increase in input costs. Before April, the company had increased the prices of cars in January as well. Maruti Suzuki also sells CNG variants of many of its cars which include Alto, Celerio, S-Presso, WagonR, Eeco and Ertiga. Their prices are Rs 4.43-9.36 lakh.
Tata Motors has also increased prices
Veteran auto company Tata Motors has also decided to increase the prices of its cars. Confirming this, Tata Motors said that its passenger car division will revise the prices. This will be the second time in this financial year that the prices of Tata Motors’ passenger cars will increase.
The Indian automaker has released a statement detailing its decision to raise the prices of its cars and SUVs. According to the corporation, raw materials are growing more expensive for the company as the price of steel and other precious metals rises, and a portion of this additional cost is passed on to customers.
Although it is not yet decided which models will see an increase, but it is expected that the prices of all the six models of Tiago, Tigor, Altroz, Nexon, Harrier and Safari will increase.