Tuesday, July 13, 2021
By Manoj Kumawat
Prices of Maruti Suzuki Swift and CNG Models Hiked
The country’s leading car making company the Maruti Suzuki India Limited on Tuesday hiked the prices of its best selling hatchback Swift with an immediate effect. With this, the Indo-Japanese carmaker also hiked the prices of all its CNG models. According to the sources of the company in its filing to the Bombay Stock Exchange (BSE) the price hike will in effect from July 12, 2021. The company will hike the prices of other petrol models soon in a few days. With this announcement, the buyers willing to buy the Swift hatchback and any of the CNG cars from MSIL will now have to pay Rs 15,000 more for a new car.
Submitting its regulatory filing in the Bombay Stock Exchange, the sources of the company said, "With reference to our earlier communication dated 21st June 2021, Maruti Suzuki India Limited today announced a price change for Swift and all CNG variants owing to increase in various input costs. The increase in Ex-Showroom Prices (Delhi) is up to ₹ 15,000 on the above models. The new prices are effective from today i.e. 12th July 2021. The price increase in other models is planned shortly and shall be intimated accordingly."
In June 2021, the company had announced to hike the prices of its entire range during the second quarter of FY 2021-22. At that time the company had not indicated the quantum of the price hike, except the reason due to the increasing cost of input. It is for the third time that the company had hiked the prices of its products. Before this, in January 2021 the company hiked the prices up to Rs 34,000 on a few of its models and then again in April 2021 it hiked the prices of its cars.
At present the company offers the CNG varaints of Alto, Wagon R, Eeco, S-Presso and Ertiga. Whereas the Swift, Vitara Brezza, and Dzire are offered in the petrol variant.