 | « Back to article | Print this article |
Under pressure from increasing input and freight costs, Maruti on Tuesday hiked prices of certain models, including Alto and M800, ranging between Rs 500 and Rs 5,000.
The increase, with effect from Tuesday, varies from 0.17 per cent to 1.47 per cent and is necessitated due to rise in input costs and freight costs.
The company said while it had absorbed a portion of the increased costs, it has decided to pass on a part of this to customers.
Post the price hike, MUL's best selling model Alto and M800 will be dearer by Rs 500 across all variants.
The higest price hike is on the newly-launched WagonR LPG variant, which will be costlier by Rs 5,000, while the mid-size sedan Esteem will see a rise of Rs 1,000 across all variants.
It will also hike prices of Omni across all variants ranging between Rs 500 and Rs 3,000, the company said.
It, however, said there would be no change in the prices of Swift, Zen, Baleno (Vxi) and WagonR (Petrol).
Last month, Maruti's nearest rival Hyundai Motors India had hiked prices of its models, including that of the Santro.
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group