Maruti Suzuki is set to increase the prices of its car from January. The company said the move is to offset the impact of rising input costs and operational expenses. Country's largest carmaker, Maruti Suzuki, said that it will hike prices of its model range by up to 4 per cent from January.
Maruti Suzuki India on Tuesday said the automaker is geared up to launch its first electric vehicle (EV) with a range of 500 km per charge in January next year.
Maruti Suzuki India sold a total of 1.82 lakh units in August, down nearly 3.9 per cent (year-on-year) from 1.89 lakh units in the same month last year.
R C Bhargava said the company’s first EV would be produced in a few months and would be exported to global markets.
The country's leading carmaker Maruti Suzuki India Ltd on Thursday reported a 9.6 per cent decline in sales for July, at 137,463 units compared to the same month last year even as exports went up during the month.
Srivastava pointed out that developing fuel-efficient cars was also important for the companies to achieve the stringent norms.
At present, the industry is grappling with rising costs of steel, plastics and rare metals in addition to high forms of levies, insurance and road tax
Bhargava noted that the auto industry has developed so much because the people in this country have a great aspiration to own a car
Bhargava also said Maruti Suzuki India has outlined a capex of Rs 4,500 crore in the ongoing fiscal for its various business purposes
The sales in the domestic market stood at 308,095 units, while exports were at 45,519 units.
