Country’s largest carmaker Maruti Suzuki India has hiked prices of all its products by up to Rs9,000, except that of newly launched premium crossover S-Cross, citing changes in dealer margin. The average hike in the ex-showroom prices, with effect from 11 August, across models ranges from Rs3,000 to Rs9,000, a Maruti Suzuki India (MSI) spokesperson said.
The price revision is on account of changes in dealer margin and a minor calibration in prices, the spokesperson added. The company, which has a share of over 45% in the domestic market in the passenger vehicle segment, currently sells a range a vehicles starting from entry-level car Alto 800 to premium crossover S-Cross, priced between Rs2.52 lakh to Rs13.74 lakh (ex-showroom Delhi).
The auto major, however, said that the prices of S-Cross, launched earlier this month, would remain unchanged. MSI in January this year increased prices by up to Rs 31,600 to adjust impact of hike in excise duty. Before that, the company had hiked prices by up to Rs10,000 in October 2013 mainly due to depreciation of rupee. Rival Hyundai Motor India has already announced a hike across all models, excluding that of sports utility vehicle Creta, by up to Rs 30,000 from this month in view of rising input costs.
