Maruti Suzuki India to increase prices of its models by up to Rs 34,000
Maruti Suzuki India (MSI), the country’s largest car maker, on Monday said it would increase the prices of its models by up to Rs 34,000 (ex-showroom-Delhi). The new prices are effective from January 18, 2021.
“The company is raising the price for select models owing to an increase in various input costs. The price change varies across models and ranges up to Rs 34,000 (ex-showroom-Delhi),” the auto maker told bourses.
Last month, the company had announced that it will be raising prices across its model range from January 2021.
The auto maker had said that cost of vehicles have been severely impacted due to various input costs and it’s “necessary to pass on some of the impact to customers”.
Before the hike, Maruti’s range of vehicles were priced from Rs 2.95 lakh for the entry-level small car Alto to up to Rs 11.52 lakh for the multi-purpose vehicle XL6.