India’s biggest carmaker Maruti Suzuki has increased the prices of its diesel cars by up to Rs 10,000. While the diesel variants of Swift, Dzire and SX4 cars became costlier by Rs 10,000 from Monday, the price of the Ritz hatchback has been raised by 2,000.
“There has been a critical upswing in the inputs cost and an adverse appreciation in the Japanese currency yen that had made imports costlier and forced this hike,” a company spokesperson said.
The carmaker is in the process of normalising production after a 55 percent decline in October to 50,487 units, following recurrent strikes since June that kept the Manesar plant shut for 59 days. As a result, the waiting time for some of Maruti’s diesel model stretches up to nine months.
Industry sources say other carmakers, including Hyundai Motor and Toyota, are also looking at price revisions.