Maruti, Honda and others hike vehicle prices by up to Rs 32,000
05 February 2018
Maruti Suzuki India (MSI), the country's largest carmaker and Honda Cars India have announced an across-the-board hike in the prices of their vehicles ranging up to Rs32,000, attributing it to an increase in input costs and other administrative and distribution costs.
For Maruti Suzuki, the company said the increase in prices of its vehicles will range from Rs1,700 to Rs17,000 depending on models.
MSI sells a range of models starting with hatchback Alto 800 to premium crossover S-Cross, priced between Rs2.45 lakh and Rs11.29 lakh (ex-showroom Delhi).
Another Japanese carmaker Honda Cars India also hiked vehicle prices from 8 January for all models made in India.
The increase in prices range from Rs6,000 to Rs32,000 depending on models. However, Honda has excluded its Accord Hybrid model from the price hike.
HCIL sells models like the hatchback Brio, the Accord Hybrid, which were earlier priced from Rs4.66 lakh and Rs43.21 lakh, respectively, (ex-showroom Delhi).
Tata Motors has already increased prices of its vehicles by up to Rs25,000 from 1 January.
Ford India also said that prices of its vehicles have been raised by up to 4 per cent.
Other carmakers including, Hyundai Motor India, Mahindra & Mahindra, Skoda, Isuzu and Renault have announced plans to increase prices from this month but are yet to spell out the price increase for their various models.