Maruti Suzuki India on Monday said it has raised the prices of its hatchback Swift and the CNG variants of other models by up to Rs 15,000.
Sources said the price of Swift has been increased by Rs 15,000 (ex showroom Delhi), while the other models will be costlier by Rs 10,000.
The company has informed the stock exchanges that it is planning to raise the prices of other models too and a formal intimation would be made accordingly.
The hike in various input costs has prompted the price revision, Maruti said in a regulatory filing. The new prices will be effective from Monday.
Before the hike, the Swift was available at a price range of Rs 5.73 lakh to Rs 8.27 lakh (ex showroom Delhi) across variants.Maruti Suzuki sells CNG variants of the Alto, Celerio, S-Presso, WagonR, Eeco and Ertiga with prices ranging from Rs 4.43 lakh to Rs 9.36 lakh.
“Steel prices have gone up by 80 per cent compared with May last year and prices of precious metals such as rhodium and palladium have increased 250 per cent. So, the price increase could be substantial compared with the January and April price hikes,” Shashank Srivastava, executive director (sales and marketing), Maruti Suzuki India, told The Telegraph.
