leading manufacturers Maruti Suzuki, Hyundai and General Motors on Tuesday hiked car prices by up to Rs1.27 lakh, within days of the Government's withdrawal of excise duty concessions. The carmarkers attributed the price hike to increased input costs as also to the withdrawal of the duty sops, which were given in February last year and extended till December 31.
The country's largest car maker Maruti Suzuki India (MSI) hiked prices of its vehicles in the range of Rs7,850 to Rs31,600, while rival Hyundai hiked prices in the range of Rs15,000 to Rs1,27,000, effective January 1, 2015. General Motors India also hiked prices of various models in the range of Rs15,000 to Rs61,000.
The increased prices after revision of central excise duty with effect from January 1, 2015 across all models ranges between Rs7,850 on Omni van to Rs31,600 on mid-sized sedan Ciaz, said an MSI official. Under the revised prices, the popular entry level car Alto 800 will be dearer by Rs8,500 to Rs12,700. Before the hike the model was priced between Rs2.37 lakh and Rs3.52 lakh (all prices ex-showroom Delhi).
Another popular model WagonR from will see an increase ranging from Rs12,500 to Rs15,700 from its current tag of Rs3.48 lakh to Rs4.35 lakh. Maruti's premium compact car Swift will cost Rs15,850 to Rs25,150 more now from the current price of Rs4.42 lakh to Rs6.95 lakh. likewise, popular compact sedan Dzire will see an increase from Rs17,500 to Rs26,650 from the current price of Rs 4.85 lakh to Rs7.32 lakh.