Maruti Suzuki Price hike; Now costs 3,000 – 9,000 Rs more
Reports suggests that Indian Automaker, Maruti Suzuki has introduced a price hike across its entire range of car models with an exception of Maruti S-Cross. Although the company is still awaited to make an official announcement on price hike, the hike has already been effective since August 11, 2015 that actually translates to an increase in car prices by Rs. 3,000 – Rs. 9,000. This makes India’s largest carmaker to introduce a price hike. In the recent past, Hyundai too increased prices by upto Rs. 30,000 last month.
It is also important to note that Hyundai’s price hike excluded the recently launched Hyundai Creta SUV, which was also unveiled 10 days before the price hike. Unlike Maruti Suzuki, Hyundai said in their press statement that its hike was “necessitated by increase of input costs. We have been absorbing most of the costs but now we are constrained to consider the price increase in these challenging market conditions in India.”.
As surprising as the news seems, people in the automobile industry believes that the festive season and the usually high demand experienced during this time will mitigate this increase in price.
One of the Maruti Suzuki Spokesperson said, “This is just a minor calibration in prices,”. The company’s car portfolio has huge band of varieties starting from its entry-level car Maruti Alto 800 to premium crossover Maruti S-Cross, These cars range from Rs 2.52 lakh to Rs 13.74 lakh (ex-showroom Delhi) in India. Maruti Suzuki has more than 50 percent share in India’s passenger car market.
(Source: Economic Times)
