pakistan
Maruti Suzuki to hike prices as input costs climb
Key takeaways
- The Middle East conflict has disrupted global trade routes and energy markets, driving up prices of key inputs and pressing companies to pass on higher costs to customers.
- With inflationary pressures now at elevated levels and the adverse cost environment persisting, the company has to pass on a portion of the increased costs to the market, it said in a statement.
- The price hike will vary by model as Maruti, a unit of Japan’s Suzuki Motor seeks to offset sustained increases in input costs.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize India’s Maruti Suzuki will increase the prices of its vehicles by up to 30,000 rupees ($311.85) from next month, the country’s top carmaker said on Thursday, as inflationary pressures and an adverse cost environment persist.
The Middle East conflict has disrupted global trade routes and energy markets, driving up prices of key inputs and pressing companies to pass on higher costs to customers.
With inflationary pressures now at elevated levels and the adverse cost environment persisting, the company has to pass on a portion of the increased costs to the market, it said in a statement.
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