Maruti Suzuki India — Pricing vs SEBI communication

Address:

Bangalore, Karnataka, 560091

As per Maruti Suzuki communication to Bombay Stock Exchange vide letter dated August 01, 2016 it has been communicated that 'in case of newly launched vehicles like vitara brezza and baleno the prices are increased by upto Rs 20, 000 and Rs 10, 000 respectively.

As per communication received from Sales executive of Kalyani Motors - Mysore Road (Nayandalli), the price chart says for vitara brezza zdi+d, the revised price is Rs 1, 259, 446 which is around Rs 55, 000 increase in the price for the this model.

Hence, the company has disclosed wrong information to the shareholders by telling maximum increase is Rs 20, 000 in case of vitara brezza, but in the market it is charging Rs 55, 000 more.

In case o[censored]nsatisfactory response from the company, this issue has to be taken up with 'Sebi COmplaints REdress System'.

Note: I am prospective customer of Maruti, holding a booking for brezza.