The country’s largest car company Maruti Suzuki India said on Tuesday that it has increased the prices of all its models with immediate effect. The company said in the information sent to the stock markets that the prices of all models have been increased by 0.45%.
The company had earlier increased the prices of its vehicles on April 1 last year.
Maruti Suzuki manufactures and sells a wide range of vehicles in India, from Alto to Invicto. Whose prices range from ₹ 3.54 to ₹ 28.42 lakh (ex-showroom).
In December 2023, Maruti sold a total of 1,37,551 vehicles, which is 1.28% less than 139,347 units sold during December 2022. In this too, domestic sales were only 106,492 units.
This is the first time that the company has achieved the milestone of 20 lakh units in 2023. Which also includes export of 269,046 vehicles.
Company will invest in Gujarat
Last week, Maruti Suzuki had announced an investment of around Rs 32,000 crore to set up an automobile plant in Gujarat. About 10 lakh vehicles will be produced every year in this new plant. This plant is expected to start by the financial year 2028-29. Along with this, the company will invest Rs 3,200 crore to increase the production of electric vehicles.
Maruti Suzuki shares rise
Maruti Suzuki shares gained momentum after the announcement of increase in vehicle prices. At 12:25 pm, Maruti Suzuki shares were trading 1.32% higher at Rs 10,219.20 on BSE.
