Country’s largest car maker Maruti Suzuki India on Wednesday announced that it was hiking the prices of vehicles across models by up to Rs 17,000 with immediate effect, reported news agency PTI.
The company had announced in December that it will hike the prices of all its models by up to 2% from January in order to partially offset rise in input costs.
The company currently sells a range of models, from hatchback Alto 800 with price starting at Rs2.45 lakh to crossover S-Cross priced at Rs11.29 lakh (all prices ex- showroom Delhi).
A spokesperson from Maruti had earlier told PTI that the reason for the price hike due to the fact that there had been gradual increase in commodity prices over the past few months.
“We were absorbing the impact of small fluctuations till now. But with gradual increase in commodity prices we will have to pass on the increase to the customers from January,” the spokesperson was quoted as saying.