Maruti Suzuki to hike prices of model range from April
New Delhi: Maruti Suzuki India on Thursday said it will increase prices of its model range in April to partially offset the impact of "overall inflation and regulatory requirements".
The auto major, however, did not share the quantum of the price hike it intends to implement from next month.
The company continues to witness increased cost pressure driven by overall inflation and regulatory requirements, the auto maker said in a regulatory filing.
While the company makes maximum effort to reduce cost and partially offset the increase, it has become imperative to pass on some of the impact through a price increase, it added.
The company has planned this price increase in April, 2023, which shall vary across models, Maruti Suzuki India stated.
Already several automakers, including Honda Cars, Tata Motors and Hero MotoCorp, have announced increase in prices from April.
The Indian automobile industry is currently working to make their products meet the second phase of BSVI emission norms.
From April 1, vehicles will need to have an on-board self-diagnostic device to monitor the real-time driving emission levels.
The device will constantly monitor key parts for meeting emission standards, such as the catalytic converter and oxygen sensors, to keep a close watch on emissions.
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India moving towards becoming global economic powerhouse: Kovind
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Amritsar (PTI): Former president Ram Nath Kovind on Friday said that with digital transformation, economic reforms and a strong focus on the ease of doing business, India is moving towards becoming a global economic powerhouse.
He was speaking after inaugurating the 19th edition of the Punjab International Trade Expo (PITEX) in Amritsar.
The former president said that this 19th edition of PITEX is being organised at a time when India is recognised as one of the fastest-growing large economies in the world.
Speaking at the inaugural ceremony of the event organised by the PHD Chamber of Commerce and Industry (PHDCCI) the former president, while referring to Punjab, said the state is a living example of courage, sacrifice and enterprise.
"The spiritual light of Sri Harmandir Sahib (Golden Temple) inspires peace and humanity across the world. The heritage of Punjab is deep and inspiring," Kovind said, according to a statement issued by the PITEX.
The former president congratulated the PHDCCI for hosting the 19th edition of PITEX and suggested that the chamber should expand PITEX outside Punjab.
He proposed that a similar event should also be held in New Delhi.
