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regular-article-logo Friday, 22 November 2024

Maruti Suzuki India hikes prices of entire product range

The hike comes just before the start of the festive season, which kicks off with Ganesh Chaturthi on September 10

Our Special Correspondent New Delhi Published 07.09.21, 02:05 AM
Representational image.

Representational image. Shutterstock

Maruti Suzuki, the country’s largest car maker, has hiked the prices of its entire product range, except the Celerio, in the range of Rs 7,500 to Rs 22,500 with immediate effect.

The hike comes just before the start of the festive season, which kicks off with Ganesh Chaturthi on September 10.

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In a regulatory filing, the company said that it has taken the decision to hike prices because of an increase in various input costs. The weighted average price rise in ex-showroom prices (New Delhi) across select models is 1.9 per cent, it added.

The price rise is the maximum on the Eeco at Rs 22,500 and the least on the S-Presso at Rs 7,500, industry sources said.

They said the entry-level Alto 800 has seen a hike of up to Rs 16,100 in the ex-showroom price, while the popular Wagon R and Swift will be dearer by up to Rs 12,500 and Rs 13,000, respectively.

The prices of the Vitara Brezza have gone up by around Rs 10,000, Ertiga prices have been increased by Rs 20,000.

In the Maruti’s Nexa range, the Baleno price will go up by around Rs 15,200, the Ignis by up to Rs 14,680, Ciaz by up to Rs 20,500, XL6 by up to Rs 12,300 and the S-Cross by up to Rs 20,500 on their ex-showroom prices.

This is MSI’s third price hike this year. The auto major has already raised prices in January and April, with an overall hike of around 3.5 per cent. On April 16, it announced a 1.6 per cent weighted average increase in ex-showroom prices (Delhi) across models.

On January 18, the auto maker had hiked prices of some models by up to Rs 34,000.

In July, it had hiked prices of hatchback Swift and CNG variants of other models by up to Rs 15,000.At present, the company sells a range of models from entry-level hatchback Alto to S-CROSS, priced between Rs 2.99 lakh and Rs 12.39 lakh, respectively.

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