Maruti Suzuki has raised price for most of its models by Rs 10 Thousand to compensate the increase in the production cost, which includes the cost of steel. The average increase in price is about 0.6 per cent, it varies from 0.12 percent for Ritz VDi at the lower end to 1.9 percent for the Dzire LXi models, Maruti Suzuki india said in a statement, but did not share the hike in rupee terms.
However, the hike would range between a few hundred rupees to as high as Rs 10,000 per car, as per the current on-road prices of various models.However, the car company’s recently launched multi purpose vehicle Eeco, and the petrol variant of the small car Swift and its Gypsy models will not be affected by the price hike.
“The price increase is to partly recover the increase in the input costs arising out of raw material costs over the past one year. For some models the increase in the costs are being absorbed by the company,” the company said.It also said that the introductory prices for its refreshed Estilo, which was introduced in August last year, has been withdrawn. Estilo will now be expensive by Rs 1,243-Rs 2,486 depending on the variants.
India largest car maker Maruti Suzuki’s decision to hike prices comes after similar measures by other auto makers, including Honda Siel Cars India and luxury carmaker BMW, in the past one month.