India's largest carmaker Maruti Suzuki on Tuesday announced increase in the price of various variants due to increase in various input costs. In a regulatory filing, the company said that the price rise will come into effect from January 2020.
"The cost of the company's vehicles has been impacted adversely due to increase in various input costs. Hence, it has become imperative for the Company to pass on some impact of the above additional cost to customers through a price increase across various models in January 2020," the company said in a regulatory filing.
It further added that the price hike will vary for different models. However, the company has not disclosed the names of variants yet.
Notably, the maker Alto, S-Presso, Wagon R, Swift, Celerio, Dzire and Ciaz reported a decline of 3.2 per cent in domestic sales in the month of November.
The company dispatched 141,400 units to its dealers in the local market in the last month. It is noted that the company sells 2286 units of Baleno (Glanza) to Toyota Kirloskar Motors.
Overall, the carmaker sold 150,630 (including exports and sales to other OEM) units in the month of November posting a decline of -1.9 per cent when compared to 153,539 units in the same month last year.