Maruti Suzuki announces price hike of up to Rs 10,000

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11th Jan 2019 4:36 pm

Carmaker joins others such as Toyota, Nissan and Volkswagen who announced a price hike effective January 2019.

The country’s largest carmaker, Maruti Suzuki, has increased prices for its models by up to Rs 10,000 (ex showroom, Delhi). The hike was announced yesterday (January 10) and came into immediate effect. The company said that the quantum of price hike will vary across its model range. Though Maruti Suzuki had previously announced in December about hiking its price from January, it hadn’t specified the amount.

An increase in commodity prices and unfavourable movement in foreign exchange rates have led the carmaker to increase prices.

Maruti Suzuki joins carmakers such as Toyota, Nissan and Volkswagen, who hiked the prices of their models starting January 1, 2019.

Toyota and Nissan India announced a price increase of up to 4 percent across its models. Increasing manufacturing costs and depreciation of the rupee is what led to the price hike, said Toyota. “In the wake of the global commodity price increase and shift in foreign exchange rates, we need to pass on the rising costs to our consumers,” Hardeep Singh Brar, director, sales and commercial, Nissan Motor India Pvt. Ltd, said in a statement.

Volkswagen India has increased prices of its models by up to 3 percent from January, primarily on account of the rising input costs.

Also see:

2017 Maruti Suzuki Ignis long term review, final report

2019 Maruti Suzuki Wagon R first look video

Maruti Suzuki to launch Creta-rivalling SUV in 2020

Maruti Suzuki set to upgrade its Nexa showrooms


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