Maruti Suzuki Increases Prices by Upto Rs 6,100

Maruti Suzuki said in an official statement, "The price change varies across models and is up to Rs 6,100 (ex-showroom Delhi)."

Maruti Suzuki India (MSI) today increased prices of its vehicles by up to Rs 6,100 on the back of commodity and distribution costs. The increase also aims to offset the impact of adverse foreign exchange rates.

The company said in an official statement, “The price change varies across models and is up to Rs 6,100 (ex-showroom Delhi).”

The new prices are effective from today, it added.

MSI sells a range of vehicles from entry level Alto 800 to mid-sized sedan Ciaz. These were priced between Rs 2.51 lakh and Rs 11.51 lakh (ex-showroom Delhi) before the hike.

Earlier this month, MSI Senior Executive Director (Marketing and Sales) R S Kalsi had said the company has been analysing the adverse movement of commodity prices which were going towards the higher side.

Besides, the foreign exchange rate had impacted the company adversely, while the fuel prices too have increased, adding to the logistics costs, he added. German luxury carmaker Mercedes-Benz today also announced to hike prices of its vehicles across models by up to 4 per cent from September.

Mahindra & Mahindra, Tata Motors and Honda Cars India have also have also increased their cost owing to rising input cost. Luxury carmakers such as Audi, JLR and Mercedes-Benz also hiked prices in the range of Rs 1-10 lakh for offsetting an increase in custom duties.

(With PTI Inputs)