Maruti Suzuki India, the country's largest carmaker, hiked prices of its vehicles by up to Rs 6,100 to partially offset an increase in commodity and distribution costs and adverse foreign exchange rates.
The price change varies across models and is up to Rs 6,100 (ex-showroom, Delhi), the company said in a statement. The new prices are effective today, it said.
Maruti Suzuki sells a range of vehicles from entry-level Alto 800 to mid-sized sedan Ciaz. These were priced between Rs 2.51 lakh and Rs 11.5 lakh (ex-showroom, Delhi) before the hike.
RS Kalsi, senior executive director (marketing and sales), Maruti Suzuki, said the company had been analysing the adverse movement of commodity prices, going towards the higher side earlier this month. The foreign exchange rate had impacted the company, while fuel prices, too, have increased, adding to the logistics costs, he said.
German luxury carmaker Mercedes-Benz also announced to hike prices across models by up to 4 per cent from September. Other companies such as Mahindra & Mahindra, Tata Motors and Honda Cars India have announced price hikes from this month citing rising input costs.
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