Home Economy Maruti Suzuki hikes prices by up to Rs 17,000

Maruti Suzuki hikes prices by up to Rs 17,000

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New Delhi: Country’s largest carmaker Maruti Suzuki India (MSI) said 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 1 January.

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.

PTI

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