Auto majors Maruti Suzuki and General Motors India on Tuesday announced across the board hike in prices of various models by up to Rs.17,000 to compensate rising input costs and the impact of currency fluctuation.
Maruti Suzuki India (MSI) hiked the prices of its vehicles across models, except for entry-level sedan DZire, by between 0.3 per cent and 3.4 per cent, translating into a minimum increase of Rs.2,400 on the SX4 sedan and a maximum of Rs.17,000 on the diesel variant of its Swift hatchback. The price hike has been made effective from January 16.
The company’s best-selling Alto model will also become dearer by Rs 4,000 vis-a-vis the current price tag of between Rs 2.32 lakh and Rs 3.31 lakh (ex-showroom, Delhi). Maruti sells a variety of models, ranging from the M800, which starts at a price of Rs 1.97 lakh, to the top-end Kizashi, which comes with a price tag of Rs 17.5 lakh (ex-showroom, Delhi). But the company has not touched the price of the DZire sedan as it will launch a new version next month.
GM India said the step was necessary to offset rising input costs and mitigate the impact of currency fluctuation. After the hike, the company’s entry-level small car Spark, which was priced between Rs.3.24 lakh and Rs.4.04 lakh (ex-showroom, Delhi), will become dearer by about Rs.3,000. Its best-selling model, Beat Diesel, will become costlier by up to Rs.10,500. It was earlier priced between Rs.4.29 lakh and Rs.5.45 lakh (ex-showroom Delhi).
The company’s mid-sized Cruze sedan will become costlier by Rs.15,000 vis-a-vis its existing price tag of Rs.12 lakh to Rs.14.50 lakh (ex-showroom, Delhi). Multipurpose vehicle Tavera will see a price hike of Rs.10,000 to Rs.13,000, depending on the variant, from the earlier price of Rs.6.62 lakh to Rs.7.56 lakh (ex-showroom, Delhi). However, the prices of its Aveo, Aveo UVA, Optra and Captiva SUV models left unchanged.
Toyota Kirloskar Motor said it had hiked the prices of its different models, including Liva and Etios, between 0.75 per cent and 3 per cent from January 1. Mahindra & Mahindra has already hiked the price of its latest SUV, the XUV500, by up to Rs.55,000.