India’s largest car manufacturer Maruti Suzuki hikes prices by up to Rs 20,000
India’s largest carmaker Maruti Suzuki India hiked prices of its various models by up to Rs 20,000 on Monday.autos Updated: Aug 01, 2016 16:59 IST
India’s largest carmaker Maruti Suzuki India hiked prices of its various models by up to Rs 20,000 on Monday.
The increase in price for the newly-launched compact SUV Vitara Brezza will be Rs 20,000, while that of new premium hatchback Baleno is Rs 10,000.
On a select range, the price hike will be between Rs 1,500 and Rs 5,000, Maruti Suzuki India (MSI) said in a regulatory filing.
On reasons for the hike, MSI said: “This price revision is based on factors like, segment-wise demand, forex movements and strategic objectives of the company.”
The hike is effective from Monday, it added.
The company sells a range of models, starting from hatchback Alto 800 to premium crossover S-Cross, priced Rs 2.45 lakh to Rs 12.03 lakh (ex-showroom Delhi).
MSI stock ended at Rs 4,869.80 on BSE on Monday, up 2.41% from the previous close.