Passenger car maker Maruti Suzuki India Ltd is set to raise the prices of all its existing models, a year after its last hike.
SN Burman, commercial business head (East) of the company, told reporters here that the price rise would come into effect within a couple of weeks. “Usually, any hike in input costs at the vendors’ end is absorbed by the company but in the past one year, the way prices of steel and copper have moved up, we have no option but to raise prices,” he said.
Maruti had raised prices by 1-2 per cent across categories last January, he said. Burman was speaking on the sidelines of launching Maruti’s latest multi-purpose vehicle, Eeco.
Burman said efforts are on to make the Omni and Alto compliant with Bharat Stage IV emission norms, but Maruti 800 would not be changed.
The company would sell the 800 in only those cities where BS-IV norms would not come into effect, he said.