Maruti Suzuki To Hike Car Prices

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Maruti Suzuki India hikes car prices by up to Rs 5,250 The country's largest car maker Maruti Suzuki India on Wednesday said it has hiked prices of its all models by up to Rs 5,250 with immediate effect to offset adverse impact of foreign exchange fluctuation and rising input costs. "The average hike in the price across models is around 1 per cent and the range will be between Rs 2,500 and Rs 5,250," a company spokesperson said. The price increase will take place with immediate effect, he added.The company sells a range of models starting with the small car Maruti 800 to the luxury sedan Kizashi, which are priced between Rs 2.04 lakh and Rs 17.5 lakh (ex-showroom Delhi). Last month, Maruti Suzuki India Chief Operating Officer (Marketing and Sales) Mayank Pareek had said the company would hike prices of its vehicles due to various factors. "There is a lot of pressure on our margins due to the foreign exchange fluctuation and rising input costs," he had said.The company had said that in order to counter the impact of adverse currency movement, it is targeting to reduce its forex exposure by nearly 65 per cent to $ 600 million by March 2015 for which it is working with its vendors to reduce imports. Besides, the company is looking out for new markets to increase exports of its products to mitigate impact of unfavourable foreign exchange fluctuation.Other car makers including Honda Cars, General Motors and Audi India have either raised the prices of their vehicles or in the process to do so.

Current Models

Maruti Suzuki Swift DZire
Suzuki Splash is sold as Maruti Suzuki Ritz in India.
Maruti Suzuki 800 (Launched 1983)
Maruti Suzuki Omni (Launched 1984)
Maruti Suzuki Gypsy (launched 1985)
Maruti Suzuki WagonR (Launched 1999)
Maruti Suzuki Alto (Launched 2000)
Maruti Suzuki Swift (Launched 2005)
Maruti Suzuki Estilo (Launched 2007)
Maruti Suzuki SX4 (Launched 2007)
Maruti Suzuki Swift DZire (Launched 2008)
Maruti Suzuki A-star (Launched 2008)
Maruti Suzuki Ritz (Launched 2009)
Maruti Suzuki Eeco (Launched 2010)
Maruti Suzuki Alto K10 (Launched 2010)
Maruti Ertiga(Launched 2012)

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