Maruti cars may become expensive again! Know what is the reason
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New Delhi: Country’s car manufacturing company Maruti Suzuki has been able to increase the prices of its models. According to media reports, the auto industry, like other manufacturing companies in the world, is facing challenges due to the continuous attacks on commercial shipping lanes by Houthi terrorists in the Red Sea. Companies in the Red Sea region have had to change the routes of merchant ships due to attacks by Iranian-backed Houthi terrorists. Because of this, vehicle manufacturing companies are facing logistics challenges and they are forced to increase the prices of cars.
Logistical challenge due to terrorist attack in the Red Sea
According to a report by news agency Reuters, Maruti’s Investment Relations Chief Rahul Bharti has indicated that Maruti Suzuki is facing logistics challenges after the attack by Iran-backed Houthi terrorists in the Red Sea. Because of this, the company is forced to increase the prices of passenger vehicles in the coming months.
Waiting period of cars may increase
The agency’s report states that Maruti Suzuki is expecting an increase in production costs, the impact of which can be seen on the prices of passenger vehicles as well. However, Rahul Bharti did not say whether Maruti Suzuki would increase the prices of its passenger cars or not. He said that it may not be important to increase the prices of cars because of the Red Sea crisis. However, he said that due to this the waiting period of cars may definitely increase.
Maruti has increased the prices of cars in January itself
Maruti Suzuki announced the price hike late last month, which has been implemented on all its passenger vehicles from January 2024. The carmaker attributed the price hike step to higher production costs due to rising raw material costs and inflation. Not only Maruti Suzuki but many other car manufacturers including Tata Motors, Mahindra and Honda have increased the prices of their respective cars by one to two percent.
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