Maruti Suzuki slashes prices of AGS variants by ₹5,000 across models.
Maruti Suzuki, India's leading carmaker, announces a ₹5,000 reduction in prices for Auto Gear Shift (AGS) variants across its lineup, effective immediately.
On June 1, 2024, Maruti Suzuki India Ltd, the largest carmaker in India, announced a reduction in prices for its Auto Gear Shift (AGS) variants across various models, slashing them by ₹5,000 per unit. This price adjustment applies to models such as Alto K10, S-Presso, Celerio, Wagon-R, Swift, Dzire, Baleno, Fronx, and Ignis. The company stated that the new prices would take effect immediately, as detailed in a regulatory filing.
Earlier this year, Maruti Suzuki had increased prices for Swift and certain Grand Vitara variants due to escalating commodity prices. Swift prices were raised by up to ₹25,000, while the Grand Vitara Sigma variant saw an increase of ₹19,000.
The company had previously announced a price hike across its entire lineup, citing a 0.45% increase, attributing it to rising cost pressures fueled by inflation and escalating commodity prices.
Maruti Suzuki operates three manufacturing facilities in India, including a plant in Gurugram, Haryana, with an annual capacity of 7 lakh units, and another in Hansalpur, Gujarat, capable of producing 7.5 lakh units annually. On May 31, 2024, shares of Maruti Suzuki India Ltd closed at ₹12,401.40 on the BSE, marking a decrease of ₹190.25 or 1.51%.
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