Maruti Suzuki India has announced increase in prices of all vehicles with effect from January 16, 2013. This passenger car price hike of 1% to 3% and goes upto Rs.20,000 increase in some cars. Price hike was mandatory considering fluctuations in domestic economy, rising cost of production and higher input costs. The second quarter of this financial year saw 5.41 percent fall in net profits for the company which stood at Rs.227.45 crores. Violence at the company plant in Manesar, lower sales and currency fluctuations were cited as the cause. Other auto manufacturers in the country have also considered price hikes to cope with the falling rupee.
In the meantime, Hughes Communications India Limited (HCIL) has announced a special training package for Maruti Suzuki Limited across factories, offices, and key dealerships.. This training will be of the digital kind incorporating the use of satellite broadband technology and will be provided “live” to the entire distribution chain including dealers, company factories and offices.
An interactive delivery platform with a high-powered Ku- band satellite network will be in place at the Maruti Training Academy, while training sessions will be conducted from a centralized studio at the company’s Gurgaon plant. These training sessions will be transmitted to over 30 locations across the country and will include technical, product, commercial and HR sessions.