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Maruti, Audi to hike car prices from Jan 2024

28 Nov 2023

Spike in inflation, including commodity prices, are pushing Maruti Suzuki to raise prices across its range of cars.

Spurred by the hike in inflation and raw material expenses, Maruti Suzuki and Audi plan to raise their car prices starting January 2024. Both car makers plan to increase the cost across their range of models.

Maruti raised prices twice this year, in January and April. However, that did not impact its sales, which rose 11.4% between April and October this year. October 2023 turned out to be the best month for Maruti so far. It experienced a 20% hike in sales compared to the same period in 2022, and its market share increased to 43%.

Citing rising operational costs and supply chain inputs, Audi announced plans to hike car prices by 2% next year. The German car maker had reported an 88% boost in sales from January to September this year.

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