Maruti Suzuki India on Monday (March 22) said that it will raise prices for its vehicles in April, its second increase in 2021. The automaker said the price rise is due to a rise in various input costsIndia's auto sector was already seeing weak demand and higher costs when the COVID-19 pandemic dealt a blow last March. In January, Maruti had cited a rise in input costs and said it will hike the price up to 34,000 rupees ($469.85) on some car models. "Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase," it said. In January, rival Mahindra and Mahindra increased prices of its personal and commercial vehicles by 1.9%, while Tata Motors raised prices for its passenger vehicles by up to 26,000 rupees.

Source: dna March 22, 2021 15:27 UTC