Maruti Suzuki Increases Prices: Swift up by ₹25,000, Grand Vitara Sigma Variant by ₹19,000

Maruti Suzuki has increased the prices of its Swift and Grand Vitara Sigma variants from today, i.e., April 10th. The company announced that the price of Swift has been increased by ₹25,000, and the price of the Grand Vitara Sigma variant has been increased by ₹19,000.

Price Hike Across All Models in January

The company had increased the prices of all models by 0.45% in January due to rising expenses and an increase in commodity prices. After announcing a 0.45% increase in prices of all models in January, this was made effective.

Maruti Suzuki’s Share Drops by 1.90%

Maruti Suzuki’s share dropped by 1.90% to ₹12,643.05. Following the news of rising prices, Maruti Suzuki’s share is trading at ₹12,643.05 with a decrease of 1.90%. The company’s market cap is ₹3.98 lakh crore. It has given a 48.13% return to its investors in a year. It has given a return of 22% in the last 6 months and 11% in the last month.

Record Sales for Maruti Suzuki in Fiscal Year 2023-24

Maruti Suzuki achieved its highest total sales until now in the fiscal year 2023-24. Previously, Maruti Suzuki had announced that it had achieved sales of 187,196 units, including both domestic and international markets in March. Local sales reached 156,330 units with a growth of 14% in March 2023. Additionally, the company sold 4,974 units to other Original Equipment Manufacturers (OEMs) and exported 25,892 units.

Maruti Suzuki Achieves Highest Total Sales in FY 2023-24

Maruti Suzuki achieved its highest total sales until now in the fiscal year 2023-24, reaching 2,135,323 units. This includes 1,793,644 units of local sales and a total of 283,067 units exported.