Maruti Suzuki Hikes Prices of Its Cars By Up to Rs 17,000
Automakers like Hyundai Motor India, Honda Cars, Mahindra & Mahindra have already announced plans to hike prices
Maruti Suzuki India (MSI), on 10 January, said it 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. While various automakers including, Hyundai Motor India, Honda Cars, Mahindra & Mahindra have already announced to increase prices from this month.
The price revision is a regular process that all automakers undergo, after doling out attractive discounts till 31 December. This measure is likely to be followed by two-wheeler brands like Hero, Bajaj and Royal Enfield as well.
Maruti Suzuki is expected to feature in a big way at the upcoming 2018 Auto Expo, with all eyes on its concept SUV and a slew of electric vehicle prototypes that are likely to be showcased this year.
But the headline news maker for the brand has got to be the revamped Maruti Suzuki Swift, which is likely to launch in the coming months. The car was first seen at the Geneva Motor Show in 2017, and we managed to catch a glimpse of what Maruti Suzuki plans to offer with its popular hatchback going forward.
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