Maruti's Swift, Grand Vitara Get Costlier: Know How Much Prices Have Increased In These Segments

Maruti Suzuki has announced a price increase for two of its flagship models: the Maruti Swift and a selected variant from the Maruti Grand Vitara series, the Grand Vitara Sigma. This adjustment is effective immediately, according to the company's statement.

Under the new pricing structure, the Swift will witness a Rs 25,000 uptick, while the Grand Vitara Sigma variant will bear an additional cost of Rs 19,000. Earlier in January, the leading automaker had disclosed a 0.45 percent price surge across all models, attributing it to escalating cost pressures due to general inflation and increased commodity prices.

Following the adjustment, the Swift will see a price increase of Rs 25,000, while the Grand Vitara Sigma variant will incur an additional cost of Rs 19,000. The premier automaker previously announced a 0.45 percent price rise across all models in January, attributing it to mounting cost pressures stemming from general inflation and heightened commodity prices.

The statement read: "We have been trying to absorb the increased input costs for a while now, but the current market conditions have compelled us to pass on some of the hikes to our customers. The price increase will be substantial in some models."

Earlier, Maruti Suzuki, in a statement, said that it had attained a cumulative sales figure of 187,196 units in March (both domestic and international markets). Domestic sales surged to 156,330 units, marking a 14 percent increase compared to March 2023.

Also, the company delivered 4,974 units to other Original Equipment Manufacturers (OEMs) and exported 25,892 units. For the fiscal year 2023-24, Maruti Suzuki achieved its highest-ever total sales, reaching 2,135,323 units. This figure includes domestic sales of 1,793,644 units and exports totaling 283,067 units.