The leader of Indian passenger vehicle segment, Maruti Suzuki has increased price of all its car models. The new pricing is applicable on all cars sold on and after 16th January 2013. The big marque has pointed out at adverse currency fluctuation as the reason for new pricing. Maruti Suzuki wants to offset this pressure by increasing the price of its cars by up to Rs. 20,000.
Speaking about the changes in pricing, Mayank Pareek said that, it was necessary to increase the prices because there has been pressure of margins due to adverse currency fluctuation witnessed in the current economic scenario.
Many car makers increased the price of their models during the beginning of the year. The luxury car maker from Germany, Mercedes-Benz announced an increase of 1-3 percent on price tags of their models. Back in December, Renault had declared that their models would get pricier by 1.5 percent. Similarly, Audi, Toyota and Mahindra had also spoken about increasing the prices of their cars.
Maruti Suzuki registered growth in domestic sales by 6 percent during the month of December 2012. The sales were headed by its saloon, Swift Dzire and its MPV Ertiga. The big brand launched the facelift version of Wagon R yesterday. Weeks ago, the automatic version of Ritz was launched. Facelift version of SX4 is expected to come out this year. SX4 has poor sales in the market at present.