Maruti Suzuki Increases Prices for Swift and Grand Vitara Sigma Models

10 Apr 2024 , 03:41 PM

Maruti Suzuki announced a price hike for the Swift and selected variants of Grand Vitara Sigma, effective from April 10. Prices for the Swift have been increased by up to ₹25,000, while the Grand Vitara Sigma variant sees a hike of ₹19,000.

This adjustment follows the automaker’s earlier price increase across models in January, amounting to 0.45%. Maruti attributed the hike to rising input costs driven by inflation and increased commodity prices. Maruti Suzuki’s shares traded 1.95% lower at ₹12,636.45 apiece on the BSE at the time of writing.

In March, Maruti Suzuki reported a total sales figure of 187,196 units, combining both domestic and international markets. Domestic sales surged to 156,330 units, marking a 14% increase compared to March 2023. Additionally, the company sold 4,974 units to other Original Equipment Manufacturers (OEMs) and exported 25,892 units.

For the financial year 2023-24, Maruti Suzuki achieved its highest-ever total sales, reaching 2,135,323 units, including domestic sales of 1,793,644 units and exports totaling 283,067 units.

Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, operates as the Indian subsidiary of Japanese automaker Suzuki Motor Corporation. As of September 2022, the company held a leading market share of 42% in the Indian passenger car market. Established in February 1981 as a joint venture with Suzuki Motor Corporation, Maruti Udyog Limited opened its first production facility in Gurugram, Haryana, India, in 1982.

For feedback and suggestions, write to us at [e-mail]