Maruti Suzuki Ltd, India's largest carmaker, has announced an across-the-board increase in the prices of its models effective 10 January 2018. The hike, ranging from Rs1,700 to Rs17,000 is attributed to the rise in commodity and other administration and distribution costs.
The company has not given a model wise breakup of the price increase - Maruti sells a broad range of models beginning with the entry-level small car Alto 800 to the premium crossover S-Cross, priced between Rs2.45 lakh to Rs11.29 lakh ex-showroom (Delhi).
Maruti Suzuki had slashed the prices of its cars in July 2017 on most of its models by up to 3 per cent except for the diesel variants of the sedan Ciaz and MPV Ertiga in the backdrop of implementation of the GST.
However, the prices of Ciaz and Ertiga with mild hybrid technology, saw a rise in prices by over Rs1 lakh.
Several carmakers, including Hyundai Motor India, Honda Cars, Mahindra and Mahindra, have already announced price hikes from this month. None of them have announced increases in prices of the various models.
Maruti Suzuki, which has been on the offensive by launching newer and updated models, do not expect the price hike to impact its sales or demand for its vehicles.