Maruti Suzuki hikes prices by up to Rs 17,000
Maruti Suzuki India said the hike will range between Rs 1,700 and Rs 17,000 across models owing to increase in commodity, administrative and distribution costs.business Updated: Jan 10, 2018 19:22 IST
Country’s largest carmaker Maruti Suzuki India (MSI) said on Wednesday it has increased prices of its models by up to Rs 17,000 in order to partially offset rise in input costs.
In a regulatory filing, it said the hike will range between Rs 1,700 and Rs 17,000 across models owing to increase in commodity, administrative and distribution costs.
MSI sells a range of models starting with hatchback Alto 800 to premium crossover S-Cross, priced between Rs 2.45 lakh and Rs 11.29 lakh (ex-showroom Delhi).
The company had said last month that it will take a price increase from this month.
Tata Motors has already increased prices of its vehicles by up to Rs 25,000 from January 1.
Various automakers including, Hyundai Motor India, Honda Cars, Mahindra & Mahindra have already announced to increase prices from this month.
These companies are however yet to announce price increase for their respective vehicles.