Country’s largest carmaker Maruti Suzuki India has increased the prices of its vehicles across all models by up to Rs. 9,000 to offset rising input costs. Barely 3 months ago the company carried out a similar exercise. In January the company had hiked prices by up to Rs 8,000 across models, except its newly launched compact car Alto K10.
The price hike across the models will be ranging between 0.2 per cent to 2.4 per cent. It will translate into a minimum increase of Rs 1,100 and a maximum of Rs 9,000 depending on model, the official added.
The company sells 15 models in India — from the entry level small car M800 with a starting price of Rs 1.97 lakh to the latest sports sedan Kizashi , which is priced up to Rs 17.5 lakh (ex-showroom Delhi).
The auto industry has been under pressure due to rising input costs and already Tata Motors has hiked prices of its passenger vehicles by up to Rs 36,000 from April 1.
Another big car maker Hyundai Motor India said it is also mulling taking a similar step.