With the increasing production cost, many car manufacturers have announced a hike in their car prices. Recently, car manufacturers including Mercedes-Benz, General Motors, and Hyundai have announced an increase in the car prices across their entire range of car models.
Now, even the leading passenger car manufacturer, Maruti Suzuki, has declared an increase in its car prices due to increasing input costs and fluctuating currency rates.
Maruti has announced a price hike in the range of Rs 5,000 and Rs10,000. The price of the recently launched A-Star has been increased by Rs 10,000 while price of the petrol version of the Swift hatchback is raised by 5,000. The price of Swift diesel model went up by Rs 6,000 and that of Swift Dzire (both petrol and diesel) hiked by Rs 7,000. Maruti's leading sedan, Maruti SX4, will also be costlier by Rs 9,000.
According to a company official, “The price increase has been necessitated due to the increase in input costs like steel and foreign currency changes. There has been a regular fluctuation in currency which has forced us to go for this increase in prices.”
However, the prices of the Maruti 800, Omni, Alto, WagonR, Zen Estilo, Gypsy, Versa, and the Grand Vitara are remained unchanged.