Brief by Shorts91 Newsdesk / 01:23pm on 27 Nov 2023,Monday Business
Maruti Suzuki, India's leading carmaker, disclosed plans to increase car prices in January 2024 citing rising inflation and commodity costs. The company, in a BSE filing, expressed efforts to minimize the impact but acknowledged the need for a price hike. While the quantum wasn't specified, it's set to vary across models. Maruti Suzuki, which recently reported record monthly sales, follows the industry trend of adjusting prices amid economic pressures. This move echoes a broader market trend, with Audi also announcing a price hike of up to 2% from January 1, 2024.
