Maruti Suzuki to hike prices across its model range from April; shares end a per cent higher
On Tuesday, the shares of Maruti Suzuki were trading in the green after the company announced that it would increase prices across its model range from April 2021.
In a press release to the exchanges, the company had stated that the cost of vehicles had been adversely affected due to the rising input cost. As a result, it became necessary for the company to pass on some impact of the additional cost to the customers.
The company did not share details about the amount of the price hike it intends to take in April. However, earlier this year in January 2021, the automaker had announced a price hike of select models of up to Rs 34,000 due to rising input costs.
Today, the shares of Maruti Suzuki closed at Rs 7,185.25, up by 1.16 per cent or Rs 82.05 per share, against a 0.56 per cent decline in the benchmark index. The 52-week high of the company is recorded at Rs 8,400 while its 52-week low is Rs 4,002 on BSE.