The company has enhanced prices across its models in the range of 0.1 per cent to 4.3 per cent owing to increase in various input costs.
MSI said the total passenger vehicle production stood at 1,48,767 units last month, against 1,53,475 units in December 2020.
The company currently exports around 15 models, including the most recent additions Jimny, Suzuki's compact off-roader and the all-new Celerio.
Maruti Suzuki said the hike is in response to an increase in input costs observed in the past year. The hike has been planned for January 2022.
Another homegrown major Tata Motors said its passenger vehicle sales in the domestic market were up 38 per cent at 29,778 units in November, as compared to 21,641 units in the same month last year.
Maruti Suzuki said the semiconductor shortage had a minor impact on vehicle production in November. It added that the semiconductor shortage bothered production for the domestic market.
Maruti Suzuki stated that although the situation continues to be dynamic, total vehicle production in its Gujarat and Haryana manufacturing location could be around 80-85 per cent of normal production.
The Indian stock market came back decisively after it saw a slump on Thursday. NSE Nifty regained 18,000 levels surging 229 points whereas BSE Sensex shot up 767 points.
Federation of Automobile Dealers Association (FADA) said the current festive season was worst for business in a decade for its retail partners across the country as chip shortage impacted supplies in passenger vehicles.
Maruti Suzuki informed that the vehicle sales in October were affected by the semiconductor shortage. However, it informed that the company sold more vehicles than the sales volumes expected at the beginning of the month.
Earlier this month, the automobile manufacturer had reported that its total sales in September fell by approx 46.2 per cent on a year-over-year basis to 86,380 units. Domestic sales fell 54.9 per cent to 68,815 units for the same period.
Maruti Suzuki's consolidated revenue from operations stood at Rs 20,551 crore in the second quarter, as compared to Rs 18,756 crore in the year-ago period.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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