Maruti to hike prices of its cars in July 2021

This will be the third price hike by Maruti Suzuki this year.

Maruti Suzuki plans to increase the prices of its cars from July 2021. While the carmaker is yet to disclose the extent of the price hike, it will vary depending on the model.

Maruti Suzuki, in its regulatory filing, has stated that the cost of the company's vehicles has been adversely impacted due to an increase in input cost. Hence it has become imperative for the company to pass on some impact of the additional cost to the customers.

This will be the third price hike by Maruti Suzuki this year. The carmaker had previously increased the prices of its products in January. Prices were hiked again in the month of April due to rising input costs.