Maruti rises 2%

Maruti announced that it is increasing the prices across the board for all its models, starting Jan’21.

The carmaker said that cost of vehicles were severely impacted due to various input costs and it is necessary to pass on some of the impacts to customers.

With costs of almost all its inputs going up – right from steel, rubber, copper and other metals on the rise, this price hike was anticipated or else the impact would have been severe on the margins.

The stock price reacted positively to this news, going up 2% to Rs.7852.15 and moving in tandem with the market trend, its at Rs.7759, up barely 1%.