Maruti Suzuki hikes car prices
02 Aug 2010
Maruti Suzuki, which posted monthly sales of over 100,000 units for a second moth this fiscal, in July, also announced an across-the-board hike in the prices of its various models, except the Alto.
The price hike, ranging from 1 per cent to 1.5 per cent, would effectively cost the customer between Rs2,000 and Rs7,500 ($43 and $162) depending on the model.
"The approximate price revision on various models (ex showroom, Delhi) ranges between Rs2,000 and Rs7,500. The price increase ranges between 1 per cent and 1.5 per cent," the company said in a statement, adding that the new prices are effective immediately.
Maruti Suzuki said the price increase has been necessitated by a sharp increase in input costs.
"Due to a sharp increase in the input costs, Maruti Suzuki India has decided to pass on a part of this cost impact to customers," the company said.
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