As of 1:30 pm, Maruti Suzuki shares were trading greater by 2.3 per cent at Rs 6758.90 on the BSEMaruti Suzuki will increase the costs of all its designs in September.
The rate increase has been planned across models in September 2021, the vehicle company said in a regulatory filing to the stock market, without defining the quantum of price hike.
The rate hike, which is likely to happen ahead of the joyful season that starts with Ganesh Chaturthi on September 10, will be the company's third price boost in FY21-22 after the walkings in April and July.
We wish to notify you that over the previous year, the expense of the business's lorries continues to be adversely impacted due to a boost in various input expenses.
It has actually become necessary to pass on some effect of the additional cost to the clients through a rate increase, Maruti Suzuki added.Tata Motors, Honda Cars and Mahindra - & Mahindra have raised their rates in the July-August period.As of 1:30 pm, Maruti Suzuki shares were trading greater by 2.3 per cent at Rs 6758.90 on the BSE as against a one per cent rise in the benchmark indices.