Maruti Suzuki hikes car prices

Maruti Suzuki, which posted monthly sales of over 100,000 units for a second moth this fiscal, in July, also announced an across-the-board hike in the prices of its various models, except the Alto.

The price hike, ranging from 1 per cent to 1.5 per cent, would effectively cost the customer between Rs2,000 and Rs7,500 ($43 and $162) depending on the model.

"The approximate price revision on various models (ex showroom, Delhi) ranges between Rs2,000 and Rs7,500. The price increase ranges between 1 per cent and 1.5 per cent," the company said in a statement, adding that the new prices are effective immediately.

Maruti Suzuki said the price increase has been necessitated by a sharp increase in input costs.

"Due to a sharp increase in the input costs, Maruti Suzuki India has decided to pass on a part of this cost impact to customers," the company said.