Pune: Maruti Suzuki, India’s biggest car maker, on Monday said it will increase prices of its range of cars from January 2024 onwards without indicating the quantum.
It said the hike is due to cost pressure driven by overall inflation and increased commodity prices.
Also, Audi, the German luxury car maker, has hiked the prices of all its cars by up to 2 per cent from January 1.
“While the company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market. This price increase shall vary across models,” Maruti Suzuki said in a stock filing.
This is the second time Maruti is increasing the prices of its range of cars. Last April, the company increased prices by 8 per cent on ex-showroom prices of its models.
Audi said it has increased prices due to rising supply chain-related input and operational costs.
Audi sold 5,530 units during the first 9 months of this year, registering a growth of 88 per cent. The brand’s pre-owned car business also witnessed a growth of 63 per cent in the Jan-Sept 2023 period.
Audi currently offers a wide range of cars in India. These include sedans like the A4, A6, A8 L, S5 Sportback and RS5 Sportback and SUVs like the Q3, Q3 Sportback, Q5, Q7, Q8 and RS Q8.
Audi’s EV line-up includes the Q8 50 e-tron, Q8 55 e-tron, Q8 Sportback 50 e-tron, Q8 Sportback 55 e-tron, e-tron GT and the RS e-tron GT.
