The company continues to witness increasing cost pressures due to general inflation and regulatory requirements, the automaker said in a filing.
While the company is doing everything it can to cut costs and partially offset the increase, it has become imperative to pass on some of the impact through a price increase, it added.
The company has scheduled this price increase in April 2023, which will vary by model, Maruti
Already several car manufacturers, including Honda Cars,
The Indian automotive industry is working to make its products meet the second phase of BSVI emission standards.
From April 1, vehicles must have a self-diagnostic device on board to monitor real-time driving emission levels.
The device continuously monitors key components to meet emission standards, such as the catalytic converter and oxygen sensors, to closely monitor emissions.
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