Increasing input rates have caused concern for many automobile companies in the country. The country’s largest carmaker- Maruti Suzuki India, has decided to tackle increasing cost of raw materials by hiking their own products.
Maruti Suzuki has increased the prices of its all its cars between 0.2-0.4%. This will translate into a minimum increase of Rs. 1100/- and a maximum of Rs. 9000/- depending on the model. The price is effective from 4th April, 2011 and was undertaken to offset rising input costs. Maruti Suzuki India, alongwith many other automakers have been forced to take this drastic step because of increase in raw materials costs.
For now, no exact details of the hike on different models have been released.