Maruti Suzuki hikes price of selected models, others may follow suit

Raw material prices are har­­dening with the full impact of cumulative increases set to be felt in Q3 and Q4 of this financial year

Maruti Suzuki on Friday said it is increasing the prices of select models owing to a rise in various input costs.
 
“The weighted average increase in ex-showroom prices (Delhi) across models is 1.6 per cent,” it said in a regulatory filing. The new prices are effective from Friday. It is expected that other automakers will follow suit. Automakers in India have been hiking prices this year, citing rise in various input costs. In January, Maruti had cited a rise in input costs and raised prices for some car models. The price hike will vary across models. Maruti’s fleet starts