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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Maruti Suzuki shares in focus as car prices to rise by up to Rs 62,000 from April 8
Maruti Suzuki shares will be in focus on Thursday after the country’s largest carmaker announced a price hike of up to Rs 62,000 across its vehicle range, effective April 8, 2025.
Last month, the company had notified the exchanges that it will raise vehicle prices from April by up to 4% to offset rising input costs and operational expenses.
The price hike to be implemented next week will range from Rs 2,500 on small SUV Fronx to Rs 3000 on entry sedan DZire Tour S and Rs 12,500 on MPVs Ertiga and XL6. Small car WagonR will now become dearer by Rs 14,000, Eeco by Rs 22,500 and Grand Vitara by Rs 62,000 from April 8.
“Due to rising input costs, operational expenses, regulatory changes and feature additions, the Company has planned to increase car prices starting on 8th April, 2025”, Maruti Suzuki said in an exchange filing.
The company said while it “is committed to optimise costs and reduce the impact on its customers”, it is compelled to pass on some portion of the increased expenses to the market.
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Maruti Suzuki Q3 earnings
The company reported a 13% year-on-year (YoY) growth in standalone net profit to Rs 3,525 crore, while revenue from operations rose 16% YoY to Rs 38,492 crore. EBITDA for the third quarter stood at Rs 4,470 crore, up 14% YoY, though margins declined slightly to 11.6%.
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Even at $5 trillion, Nvidia is underappreciated
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21.05 / 09:47
markets
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