Maruti Suzuki to Increase Car Prices By Up To 20,000

Thursday, 06 December 2012, 09:58 Hrs
31
cmt right
37
Comment Right
63
cmt right
8
cmt right
Printer Print Email Email
Maruti


New Delhi: The country's largest car maker Maruti Suzuki India said it will increase the prices of its vehicles across all models by up to 20,000 from January due to increasing pressure on its margins due to currency fluctuation.



"There will be a hike in the prices of our products. Quantum will vary depending on models, but it can be up to 20,000," Maruti Suzuki India Chief Operating Officer (Marketing & Sales) Mayank Pareek told PTI.



He said the price hike has been necessitated due to increasing pressure on the margins due to the currency fluctuation.



The company currently sells a variety of models starting from the M800 to imported Kizashi at a price range starting from 2.09 lakh to 17.52 lakh (ex-showroom Delhi).



In the second quarter of this fiscal, the company had posted a 5.41 per cent fall in net profit at 227.45 crore, hit by an unprecedented violence at its Manesar plant and low sales and currency fluctuation.



Adverse foreign exchange movement had an overall impact of 350 crore on the company during the July-September period this fiscal, it had said.



For November, MSI reported 12.45 per cent increase in its total sales at 1,03,200 units. Its domestic sales grew by 9.67 per cent to 90,882 units compared to 82,870 units in the year-ago month.



MSI's exports went up by 38.37 per cent to 12,318 units last month from 8,902 units in the year-ago period, the company had said.



Also Read: 5 Safest Small Cars Below 5.5 Lakh


Source: PTI
SPOTLIGHT
Technology
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suffere..
Enterprise IT
PayByPhone, the global leader in mobile parking payments, today announced that it will appoint And..
Entertainment
First things first. "Made In Heaven" is the sexiest webseries India has produced, no doubt about i..
Startup City
India Accelerator, a GAN partnered, mentorship-driven, acceleration program hosted ‘The Inner Ci..
US Indian
An Indian-American teenager has been conferred with the 2019 National STEM (Science, Technolog..
Finance
The Department of Telecommunications (DoT) in consultation with the Finance Ministry plans to spli..
Career
IIT Roorkee organized an MoU exchanging ceremony between the Govt. of India Department of Scie..
Gadgets
Chipset-making giant Qualcomm has listed chipsets such as Snapdragon 855, 845, 710, 675 and 67..
Business
Hinduja Global Solutions here on Monday said it has set up a centre of excellence to train disable..