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.
The company was first to believe in the potential of upcountry markets. In 2008, MSIL strengthened its strategy with a focused and structured approach towards the rural hinterland, which was least affected by the global financial crisis then.
MSI said the price change for Swift and all CNG variants is owing to an increase in various input costs.
The all-new unique programme was unveiled in partnership with Hyderabad-based innovation intermediary and business incubator 'T-Hub'.
Company witnessed a sharp rise in its domestic sales by 11.8 per cent to 1,52,983 units last month, as against 1,36,849 units in February 2020.
MSI commenced export of vehicles way back in 1986-87 and the first large consignment of 500 cars was shipped to Hungary in September 1987.
