Maruti Suzuki hikes prices by up to Rs 20,000
New Delhi: Country’s largest carmaker Maruti Suzuki India (MSI) on Monday hiked prices of its various models by up to Rs 20,000. The increase in price for the newly launched compact SUV Vitara Brezza will be Rs 20,000, while that of new premium hatchback Baleno is Rs 10,000.
On a select range, the price hike will be between Rs 1,500 and Rs 5,000, according to a regulatory filing by Maruti Suzuki. The hike is effective from August 1 onwards.
On reasons for the hike, Maruti Suzuki said: “This price revision is based on factors like, segment-wise demand, forex movements and strategic objectives of the company.”
The increase in price for the newly launched compact SUV Vitara Brezza will be Rs 20,000, while that of new premium hatchback Baleno is Rs 10,000.On a select range, the price hike will be between Rs 1,500 and Rs 5,000, according to a regulatory filing by Maruti Suzuki.
The company sells a range of models starting from hatchback Alto 800 to premium crossover S-Cross, priced Rs 2.45 lakh to Rs 12.03 lakh (ex-showroom Delhi). MSI stock on Monday ended at Rs 4,869.80 on BSE, up 2.41 per cent from the previous close.
Source: PTI
