The car major on Monday announced a price hike for Swift and all CNG variants owing to increase in various input costs.
Increase in ex-showroom prices (Delhi) is up to Rs 15,000 on Swift and all CNG variants. The new prices are effective from Monday, 12 July, 2021.
The company added that the price increase in other models is planned shortly and shall be intimated accordingly.
Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The car maker reported a 9.7% decline in net profit to Rs 1,166.10 crore on 33.6% increase in net sales to Rs 22,958.60 crore in Q4 FY21 over Q4 FY20.
Shares of Maruti Suzuki India were up 1.55% at Rs 7,540.35 on BSE.
Powered by Capital Market – Live News
(This story has not been edited by PRESS24 NEWS staff and is auto-generated from a syndicated feed.)
PRESS24 NEWS has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to PRESS24 NEWS.
Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.