The main automaker Maruti Suzuki India announced on Monday its third price increase this year – up to four percent, which is effective from April – to compensate for the growing costs of moderate sales. The price increase of vehicles from next month varies depending on the model, according to a company exchange record.
“In light of increasing input costs and operating expenses, the company planned to increase the prices of its cars from April 2025. The price increase should reach four percent and will vary depending on the model,” he said MARUTI SUZUKI India.
“While the company continually strives to optimize costs and minimize the impact on its customers, part of the cost increase may need to be passed on to the market,” the filing added.
The company had already raised car prices on January 1 and February 1.
The main car manufacturer recorded a 16 % increase in net profit to 3,727 million rupees from October to December of the current financial year compared to the corresponding number of RS 3,206.8 crashes in the same quarter as last year.
In an independent base, the company’s net income increased by 13 % over the previous year, to 3,130 Crore from RS 3,525 RS from RS in the same quarter as last year.
Meanwhile, Suzuki Motor Corporation from Japan, a company controlling company of Maruti Suzuki India, announced last month a new medium -term plan with a “rethinking” in its strategy as “the business environment has changed due to the decline in market share in India” and the growing segment of electric vehicles.
In its new medium-term plan for 2025-30, the company identified India as its “most important market.” Maruti Suzuki intends to create a manufacturing capacity to produce 4 million cars annually to recover a 50 % market share in India and to use the country as a global export center.
Maruti Suzuki is currently exporting three Lakh vehicles from India annually.
By the end of this decade, it is aimed at exporting units from 7.5 to 8 lakh per year.
(This story was not edited by the NDTV team and is automatically generated from a union feed.)