Maruti Suzuki Swift gets costlier by Rs 15,000; CNG variants gets pricey too
New Delhi : Maruti Suzuki India limited on Monday announced a price hike for its hatchback Swift and all CNG variants, owing to increase in the input cost. The ex-showroom price of Maruti Suzuki Swift has been increased by Rs 15,000. The new prices come to effect from Monday onwards.
''With reference to our earlier communication dated 21st June, 2021, Maruti Suzuki India Limited today announced a price change for Swift and all CNG variants owing to increase in various input costs. Increase in Ex Showroom Prices (Delhi) is up to 15,000 INR on the above models. The new prices are effective from today i.e. 12th July, 2021,'' Maruti said in an exchange filing.
The company suggested that a price hike for other models has also been planned and an official announcement in the regards will be done soon.
Shares of Maruti Suzuki surged over 1% higher in Monday's opening deals to ₹7,500 per share on the BSE.
The company in June had said that it will increase the prices of its cars from July in order to pass on some impact of additional cost to customers. "This is to inform you that over the past year the cost of the company's vehicles continues to be adversely impacted due to an increase in various input costs. Hence, it has become imperative for the Company to pass on some impact of the above additional cost to customers through a price rise," Maruti Suzuki said in a filing on June 21.
"The price rise has been planned in quarter 2 and the increase shall vary for different models," the carmaker stated.