The Telegraph
Since 1st March, 1999
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Maruti jacks up prices

New Delhi, July 15: Maruti Udyog, the country’s largest automaker, today increased prices across the board between half a per cent and one per cent to offset rising steel prices and input costs.

“The price revision would be effective from today and would translate into an increase between Rs 500-2000,” a company dealer said.

Prices of the car maker’s basic Maruti 800 model, compact car Zen and Wagon R has been increased by Rs 2,000, dealers said. They said the Zen model would cost Rs 3,32,236 (ex-showroom in Delhi) while prices of the Esteem sedan has been increased by only Rs 400 to Rs 5 lakh.

Dealers added that price of Alto model is marginally up by Rs 600 to nearly Rs 2.88 lakh.

However, in February, Maruti had cut prices between Rs 10,884-37,664 on its models after this year’s budget cut excise duty by 8 per cent and customs duty by 5 per cent.

The automaker currently makes 11 models, including cars, multi-purpose and utility vehicles and has a capacity to produce 3,50,000 vehicles annually.

Last financial, Maruti had registered a net profit of Rs 146 crore against Rs 104 crore reported in 2001-02 financial although sales went up marginally by 3 per cent at 3,62,426 vehicles.

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