Model prices hiked by Maruti Suzuki up to ₹ 22,500 to balance increase in input costs.
On Friday, the country's largest carmaker Maruti Suzuki India (MSI)announced that it has hiked the prices of most of its models by up to ₹ 22,500 with immediate effect to offset the influence of the rise in input costs to some extent. Excluding Celerio and Swift, all the models of the company will be covered under the price increase exercise.
In a regulatory filing, the auto major said, "The company is increasing the price for select models owing to increase in various input costs”. It further mentioned that the weighted average price increase in ex-showroom prices (Delhi) across models is 1.6 %.
The car market leader had said in March that over the past year, the cost of the company's vehicles has been affected adversely due to an increase in various input costs. This year on January 18th, the automaker had announced to hike prices of select models by up to ₹ 34,000 on account of a rise in input costs.