Maruti Suzuki hikes prices by up to Rs 9,000

NEW DELHI: Country’s largest carmaker Maruti Suzuki India has hiked prices of all its products by up to Rs 9,000, except that of newly launched premium crossover Maruti S-Cross, citing changes in dealer margin.

The average hike in the ex-showroom prices, with effect from August 11, across models ranges from Rs 3,000 to Rs 9,000, a Maruti Suzuki India (MSI) spokesperson said.

The price revision is on account of changes in dealer margin and a minor calibration in prices, the spokesperson added.

The company, which has a share of over 45 per cent in the domestic market in the passenger vehicle segment, currently sells a range a vehicles starting from entry-level car Alto 800 to premium crossover S-Cross, priced between Rs 2.52 lakh to Rs 13.74 lakh (ex-showroom Delhi).

The auto major, however, said that the prices of S-Cross, launched earlier this month, would remain unchanged.

MSI in January this year increased prices by up to Rs 31,600 to adjust impact of hike in excise duty.

Before that, the company had hiked prices by up to Rs 10,000 in October 2013 mainly due to depreciation of rupee.

Rival Hyundai Motor India has already announced a hike across all models, excluding that of sports utility vehicle Creta, by up to Rs 30,000 from this month in view of rising input costs.

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