The largest car manufacturer in India, Maruti Suzuki has hiked the prices of its cars up to Rs 17,000. Maruti Suzuki India Limited (MSIL) recently announced the price increase of Rs 1,700 to Rs 17,000 across its product line up. The automaker announced that the new prices of the cars will come into effect from January 10, 2018.
Maruti Suzuki cars become costlier after price hike
The biggest car maker in India, Maruti Suzuki has announced the price increase of its product lineup from January 11, 2018. As per the company, the input cost has risen in the past in addition to the distribution and an added administrative cost that has led to the increase in price across the Maruti Suzuki models.
The carmaker has not yet revealed the model-wise increased price list of all the models. According to the report, the increase in the price of the Maruti Suzuki models is expected to vary between Rs. 1,700 to Rs. 17,000. The hike in price will depend on the current price range of all the models from the Maruti stable.
Maruti Suzuki to cost Rs. 1, 700 up to Rs. 17, 000 more
As per an official company statement, it has stated that the price hike will be in a range between Rs 1,700 and Rs 17,000. This increase in the price will be effective across all the Maruti Suzuki models. The company currently sells a range of models in India starting from the largest selling model the family hatch Alto 800 priced at Rs 2.45 lakh, to the premium crossover S-Cross which is sold in India at a price starting from Rs 11.29 lakh. The car manufacturer had already announced in December, last year that it will be increasing the prices of its models from January, although it had not disclosed the amount of the same.
Other carmakers to increase prices of their cars
Maruti Suzuki is not the only car manufacturer that has increased the prices of its models. In addition to Maruti Suzuki, car maker Tata Motors had also announced last year that it will be increasing the prices of its various models by up to Rs 25,000 from this year. Other automakers that will follow the price rise include the second largest car manufacturer in India – Hyundai Motor India, homegrown automaker Mahindra & Mahindra and the Japanese carmaker Honda. Though all the companies have announced the price hike but they are yet to announce the model-wise price increase.