The dream of buying Mercedes, Audi became a little more expensive, the prices of vehicles are increasing, Maruti Suzuki is also in the line
German luxury car makers including domestic automaker Maruti Suzuki, Mercedes Benz India and Audi will increase the prices of their vehicles from next year. The main reason for this increase is the increase in the cost of raw materials. Maruti Suzuki India (MSI) gave this information to the stock market on Thursday. The company said that the price hike will be different for different models. However, he did not give detailed information. On the other hand, Mercedes-Benz has announced an increase in the prices of its vehicles by up to two percent, while Audi will increase the prices of all its vehicles by up to three percent.
In the information given to the stock exchange, MSI said, ‘In the last one year, the cost of vehicles of the company is being adversely affected due to increase in raw material costs. Therefore, it has become imperative for the company to pass on some of the above additional costs to the customers by way of price escalation.’
The company’s senior executive director (marketing and sales) Shashank Srivastava said that in the last one year, due to increase in the prices of essential commodities like steel, aluminium, copper, plastic and precious metals, the company is being forced to increase the prices.
The domestic automaker has already hiked the vehicle prices thrice this year. The company has hiked prices by 1.4 per cent in January, 1.6 per cent in April and 1.9 per cent in September. Thus, the company has increased the total price by 4.9 percent.
Mercedes-Benz India said that the ex-showroom price of only select models will be increased by 2 percent with effect from January 1, 2021, to compensate for the cost on account of increase in raw material cost. Audi India said that there is a need for price correction to compensate for the rising raw material and operating costs. The company will increase the prices of all its models by up to three percent.
Maruti Suzuki’s ECO Van Gets Expensive
Maruti Suzuki India on Tuesday said it has increased the prices of all non-cargo variants of its Eeco van by Rs 8,000 in view of cost escalation with the installation of passenger airbags. The company said in a regulatory notice that the price increase is effective from November 30, 2021. The price of the passenger variant of the Eeco starts at Rs 4.30 lakh and goes up to Rs 5.6 lakh, while the ambulance variant is priced at Rs 7.29 lakh (Delhi showroom).
Earlier in September this year, the company had increased the prices of all its cars by up to 1.9 percent except the Celerio. This was the third increase in the prices of its passenger vehicles this year.
(Except for the headline, this news has not been edited by the NDTV team, it has been published directly from the Syndicate feed.)