The logo of Maruti Suzuki India. File
| Photo Credit: REUTERS

Maruti Suzuki India Ltd.’s first quarter net profit grew 47% to ₹3,649.9 crore from ₹2,485.1 crore in the year-ago period. “This was broadly on account of cost reduction efforts, favourable commodity prices and foreign exchange,” the company said in a statement.

During the quarter, the company registered net sales of ₹33,875.3 crore as against ₹30,845.2 crore in the same period last year.

For the quarter ended June 30, 2024, the company sold a total of 521,868 vehicles, up 4.8% compared with the same period last year. The sales in the domestic market stood at 451,308 units, up 3.8% over the year-ago period. The export sales were at 70,560 units, a growth of 11.6% over same period last year.

Similarly, the price of the Sigma variant of Grand Vitara has been increased by ₹19,000, the company said
| Photo Credit: Reuters

Maruti Suzuki India on April 10 said it has hiked the price of its hatchback Swift by up to ₹25,000 along with an increase on a select variant of SUV Grand Vitara.

The prices of Swift have been raised by up to ₹25,000, Maruti Suzuki India said in a regulatory filing.

Similarly, the price of the Sigma variant of Grand Vitara has been increased by ₹19,000, the company said.

Now, Swift is available at a price range of ₹5.99 lakh to ₹8.89 lakh (ex-showroom Delhi). The Sigma variant of Grand Vitara is priced at ₹10.8 lakh (ex-showroom Delhi), as per the company’s website.

The price hikes are effective April 10, 2024, the company said.