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Maruti Suzuki to hike car prices in July-September quarter; stock up 4%

The company said it would be raising vehicle prices in July-September quarter (Q2FY22) to pass on higher input costs but the quantum of the increase has not been disclosed

Maruti Suzuki
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SI Reporter Mumbai
Maruti Suzuki (India) shares rose 4.5 per cent to Rs 7,211.90 on the BSE in intra-day trade on Tuesday after the car & utility vehicles company said it would be raising vehicle prices in the July-September quarter (Q2FY22) to pass on higher input costs. although the quantum of the increase has not been disclosed.

At 10:27 am, the stock was up 4 per cent at Rs 7,190 on the BSE, as compared to 0.91 per cent rise in the S&P BSE Sensex. The trading volumes on the counter more-than-doubled with a combined 644,000 shares changing hands on the NSE