Maruti Suzuki India hikes vehicle prices by up to 1.9 percent

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New Delhi: Country’s largest carmaker Maruti Suzuki India Limited (MSI) has said that it has increased the prices of all its product range except the Celerio by up to 1.9 per cent with immediate effect.

Maruti Suzuki India, in its regulatory filing to the exchanges, mentioned that it has decided to hike prices due to increase in various input costs. It said the weighted average price increase over select models is 1.9 per cent over ex-showroom prices (New Delhi). This is the company’s third price hike this year. The auto major has already increased prices by around 3.5 per cent in January and April this year. Also Read – OVL in talks to buy stake in Vostok, Arctic LNG-2 project. Currently, the company sells a range of models from the entry-level hatchback Alto to the S-Cross, which are priced between Rs 2.99 lakh and Rs 12.39 lakh (ex-showroom price Delhi) respectively. The carmaker had said last month that the price hike was necessary as it wanted to protect its profitability amid sharp rise in commodity prices.

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