Country’s largest carmaker Maruti Suzuki India will hike prices of its vehicles across models by up to Rs20,000 from January to offset impact of rising costs and weakening of rupee against dollar, joining rivals in making such a move.
“The price increase has been necessitated on account of increase in costs due to weakening of rupee against dollar, rise in administrative and other costs,” a Maruti Suzuki India (MSI) spokesperson said. Currently, MSI sells a range of vehicles starting from the entry level small car Alto 800 to the S-Cross with price ranging between Rs2.53 lakh and Rs13.74 lakh (all prices ex-showroom Delhi).
On Wednesday, rival Hyundai Motor India had also announced that it would hike prices of its products by up to Rs30,000 from next month to offset rising input costs and unfavourable foreign exchange fluctuation.