Maruti Suzuki announces price increase across model range

Maruti Suzuki India Limited announced a price increase ranging from Rs 1,500/- to Rs 8,014/- (Ex-Showroom – Delhi) across models.

The company has stated the hike in car prices is because of increase in commodity, transportation and administrative costs.

This new prices are effect from 27th January 2017.

Maruti Suzuki also declared the Financial Results for Q3 (Oct-Dec) 2016-17.

In the report, the company sold a total of 387,251 vehicles in Q3, a growth of 3.5 per cent over same period previous year. Of this, exports stood at 30,748 units. The growth is positive even after demonetisation which severely impacted sales.

The Company registered Net Sales of Rs.166, 236 million, a growth of 12.4 per cent over the same period in the previous year. Net profit in Q3 (2016-17) stood at Rs 17,445 million, up 47.5 per cent compared to the same period last year.

The Company sold a total of 1,154,164 vehicles in April-December 2016, a growth of 8 per cent. Of this, exports stood at 92,291 units while registered Net Sales of Rs 489,042 million, a growth of 17.9 per cent over the same period last year.

Net profit stood at Rs 56,287 million, up 44.8 per cent.

Maruti Suzuki recently launched new Ignis urban compact hatchback and will introduce several new models in 2016. 2017 WagonR and new variant of the Baleno hatchback with a more powerful engine Baleno RS will be introduced soon.

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