The country’s largest car maker Maruti Suzuki on Thursday announced a price hike of up to ₹10,000 on select models on account of rise in commodity prices and adverse impact of foreign exchange rates. The increase is effective immediately. “The price change varies across models and ranges up to ₹10,000 (ex-showroom – Delhi). The new prices are effective from 10th January 2019,” the firm said in a statement.
The carmaker had in December announced plans to increase vehicle prices from January. However, it had not shared the details of the planned hike.
“The cost of company’s vehicles has been impacted adversely due to the increase in commodity prices and foreign exchange rates… Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase across various models in January 2019,” it had said in December.
Earlier, in August 2018, citing an increase in commodity and distribution costs and adverse foreign exchange rates, the company had increased vehicle prices by up to ₹6,100 across models.