Maruti Suzuki hikes prices for the fourth time in FY22

India’s largest car maker by sales volume, Maruti Suzuki, last week implemented the third price hike of this fiscal, citing rising input costs. Prices of all models will go up by 1.7% on a weighted average basis, the company said in a notice to the stock exchanges. It had first mentioned the hike in early December. This is the third such price hike from Maruti Suzuki in FY22. Prices of select models went up by 1.6% in April and 1.9% in September. Separately, in July, the company took a price hike on its popular model Swift and the CNG-equipped variants of all models.

-The Economic Times