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Maruti Suzuki may raise prices due to rising costs, despite strong demand and new plant expansions.
Maruti Suzuki India may raise vehicle prices in response to rising commodity costs, despite strong demand fueled by GST rate cuts, according to senior executive Partho Banerjee.
The company reported 278,000 bookings in January and a backlog of 175,000 unfulfilled orders due to production limits.
While no immediate price hikes have been implemented, cost pressures could prompt future adjustments.
The company is absorbing some increases through efficiency gains and has introduced a price protection scheme for pre-January buyers.
New plants in Kharkhoda and Gujarat are expected to boost capacity, with a new electric SUV, e VITARA, launching this month.
Maruti Suzuki podría elevar los precios debido al aumento de los costos, a pesar de la fuerte demanda y las nuevas expansiones de plantas.