Cars – SUVs will be expensive, Maruti Suzuki will increase the prices of vehicles in the new year,

Maruti Suzuki to Hike Prices in January 2022: If you are thinking of taking a new car ride in the new year, then there is bad news for you. The country’s largest automobile company Maruti Suzuki has informed the stock exchanges that the company is going to increase the prices of vehicles from January 2022.

Due to increase in cost, the decision to increase the price

The company has said that due to the increase in different input costs in the last year, the cost of vehicles has been greatly affected. Therefore, by increasing the prices, it has become necessary to pass some part of it to the customers. According to the company, there is a plan to increase the prices in January 2022. The increase in prices will depend on the model of the vehicle.

Margin impact due to increase in cost

Input cost is very important for any car maker. Material cost accounts for 70 to 75 percent of the total cost for any original equipment manufacturer, but for Maruti Suzuki it has increased to 80.5 percent. Due to this the margin of the company has also been affected. This is the reason why Maruti Suzuki has had to take the decision to increase the price.

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