At the end of September we had reported that Maruti Suzuki India has announced that a hike in car prices across in entire range will be put into effect due to the rise in input costs and unfavorable foreign exchange rates.
And now the Indian automaker has official announced a hike of up to Rs 5,250 of all its models with immediate effect to offset the adverse impact of foreign exchange fluctuation and rising input costs.
“The average hike in the price across models is around 1 per cent and the range will be between Rs 2,500 and Rs 5,250,” a company spokesperson said. “The price increase will take place with immediate effect.” he added.
With launch of the much-anticipated Alto 800 just around the corner, the carmaker is also looking to export it overseas in order to lessen the impact of unfavorable Yen. The Alto 800 is expected to go the export route by year-end, by which time it will give company to export models including the Ertiga and the A-Star.
Other carmakers including Honda Cars India and Audi have already raised the prices of their respective vehicles. General Motors too, is currently in the process of announcing a price hike.
General Motors India had said it would increase the prices of all its models from October 1 to offset the impact of rising input costs and currency fluctuation.
Luxury car maker Audi had hiked the prices of its sports utility vehicle Q3 by up to two per cent, translating into an increase of Rs 50,000, from this month.
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