Maruti Suzuki hikes car prices by up to Rs 10,000 for select models effective today
Maruti Suzuki India Ltd on Wednesday said it will hike its car prices by up to Rs 10,000 for select models with immediate effect to offset the adverse impact of an increase in commodity prices and foreign exchange rates.
Representational image. Reuters.[/caption]Maruti Suzuki India in a regulatory filing said prices will go up "for select models owing to the increase in commodity prices and foreign exchange rates etc. The price change varies across models and ranges up to Rs 10,000 (ex-showroom, Delhi)"."The new prices are effective from 10 January, 2019, " it added.India's largest carmaker did not specify which car models will become costlier post this price hike.Currently, Maruti Suzuki cars start from the entry-level Alto 800 to the premium crossover S-Cross priced between Rs 2.53 lakh and Rs 11.45 lakh (ex-showroom, Delhi).Shares of Maruti Suzuki were trading 0.09 percent higher at Rs 7,472.45 apiece on the BSE. To keep watching India’s No. 1 English Business News Channel – CNBC-TV18, call your Cable or DTH Operator and ask for the Colors Family Pack (inclusive of 24 channels), available for Rs. 35/- per month, or subscribe to the channel for Rs. 4/- per day. To keep watching the Leader in Global Market & Business News – CNBC-TV18 Prime HD, call your Cable or DTH Operator and ask for the Colors Family HD Pack (inclusive of 25 channels), available for Rs. 50/- per month, or subscribe to the channel for Rs. 1/- per day.
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