Saar: The new prices are effective immediately.
India’s largest carmaker Maruti Suzuki has announced that effective August 16, 2018, it has hiked prices across the model range by up to Rs 6,100 (ex-showroom Delhi). The reasons cited for this step are the increase in commodity and distribution costs and adverse foreign exchange rates. In a two-sentence press release, that’s all the company had to say.
The Indo-Japanese company sells a range of cars on our shores, right from the entry-level Alto 800 hatchback to the S-Cross crossover. While the former starts at Rs 2.52 lakh and goes all the way up to Rs 3.81 lakh, the latter ranges from Rs 8.61 lakh to Rs 11.32 lakh (all prices, ex-showroom Delhi). Considering that the maximum price hike for any model-variant will be Rs 6,100, the increase in prices of others will be marginal at best.
Maruti Suzuki is currently gearing up to launch the mid-life update of the Ciaz on August 20, 2018. The company is also expected to bring the second-generation of the Ertiga MPV later this year, most probably around Diwali. Meanwhile, the Swift-maker is also running a ‘Freedom Service Camp’ at all its authorised dealer workshops across the country.
The month of August saw a lot of carmakers in India hike the prices of their products. Japanese carmaker Honda was the first to announce that prices of its cars will be hiked in the range of Rs 10,000 and Rs 35,000. Even the introductory price-list of the second-gen Honda Amaze was shelved. Another foreign carmaker that announced a price hike was Hyundai. It said that the asking prices for the Grand i10 will increase by up to 3 per cent.
It wasn’t just the overseas players that announced an increase in prices from this month onwards. Homegrown automakers Tata Motors and Mahindra joined the bandwagon as well. While the former said it would bump-up the prices by as much as 2.2 per cent, the latter announced a hike by up to Rs 30,000.