India’s largest carmaker Maruti Suzuki India Ltd on Tuesday announced a second round of price increase this year across its range of passenger cars. The increase that came into effect on Monday now makes Maruti cars dearer by Rs 1,100-9,000 for the bulk of its bread-and-butter small cars.
The company blamed rising raw material prices for the price hike. Last month arch rival Tata Motors also increased prices by 2%.
“We have undertaken a price hike across models ranging between 0.2% and 2.4%,” said a company official. “It was taken to offset the impact of rising input costs.”Maruti’s two largest selling cars Alto and Wagon R alongwith A-Star, Estilo and Ritz petrol will be more expensive by Rs 1,100. The diesel variants of its compact car Swift and the sedan based on it Dzire attract the maximum increase between Rs 7,000 and Rs 9,000. The price of the diesel version of its SX4 that was launched only last month has also been increased by Rs 5,000.
Maruti had earlier increased prices in January.