Companies

Maruti Suzuki hikes prices by up to 31,600

PTI New Delhi | Updated on January 06, 2015

A worker is reflected on the body of a Maruti Suzuki car as he locks the door of another car at a Maruti Suzuki stockyard on the outskirts of the western Indian city of Ahmedabad May 2, 2014. A rally that's taken India's stock market to record highs faces a reality check as profits at some blue chips have been bolstered by non-operating items such as tax credits and investments, rather than by a revival in demand. To match INDIA-STOCKS/OUTLOOK REUTERS/Amit Dave (INDIA - Tags: TRANSPORT BUSINESS LOGO)   -  Reuters

The country’s largest carmaker Maruti Suzuki India today hiked prices of its vehicles by up to Rs 31,600 following the expiry of excise duty concessions extended to the auto sector.

The increased prices after revision of central excise duty with effect from January 1, 2015, across all models ranges between Rs 7,850 on Omni van to Rs 31,600 on mid-sized sedan Ciaz, a company official said.

Under the revised prices, the popular entry level car Alto will be dearer by Rs 8,500 to Rs 12,700. Before the hike the model was priced between Rs 2.37 lakh to Rs 3.52 lakh (all prices ex-showroom Delhi).

Another popular model Wagon R from will see an increase ranging from Rs 12,500 to Rs 15,700 from its current tag of Rs 3.48 lakh to Rs 4.35 lakh.

Maruti’s premium compact car Swift will cost Rs 15,850 to Rs 25,150 more now from the current price of Rs 4.42 lakh to Rs 6.95 lakh.

Likewise, popular compact sedan Dzire will see an increase from Rs 17,500 to Rs 26,650 from the current price of Rs 4.85 lakh to Rs 7.32 lakh.

The car market leader said its new compact model Celerio will see an increase of Rs 13,600 to Rs 17,200 from the existing price of Rs 3.76 lakh to Rs 4.78 lakh.

Maruti’s latest model Ciaz will cost Rs 22,450 to Rs 31,600 more from the current price of Rs 6.99 lakh to Rs 9.80 lakh, while the price of its multi-purpose vehicle Ertiga has been hiked by Rs 18,750 to Rs 27,750 from its previous price of Rs 5.8 lakh to Rs 8.49 lakh.

The Omni will cost Rs 7,850 to Rs 9,950 more from the current price of Rs 2.17 lakh to Rs 2.75 lakh, the company said.

Earlier in the day, Hyundai Motor India and General Motors India had also announced price hikes ranging up to Rs 1.27 lakh.

Published on January 06, 2015

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