Maruti Suzuki hikes price of selected models by up to Rs 22,500 – Times of India

NEW DELHI: NEW DELHI: The country’s largest carmaker Maruti Suzuki on Friday informed that it will increase the price of its select models by up to Rs 22,500.
In a regulatory filing, Maruti said: “The company is increasing the price for select models owing to increase in various input costs.”
Consequently, the weighted average price increase in ex-showroom prices (Delhi) across models is 1.6 per cent, it added.
The price hike will be applicable to all car models of the company, except Celerio and Swift.
The new prices will be applicable with immediate effect, the company said.
Last month, the company had informed that it will substantially hike the priice of its entire product portfolio from April in order to offset the impact of higher input costs.
Earlier in a regulatory filing, the car market leader said that over the past year, the cost of the company’s vehicles has been impacted adversely due to an increase in various input costs.
On January 18 this year, the automaker had announced to hike prices of select models by up to Rs 34,000 due to a rise in input costs.