Maruti To Increase Car Prices

Published: Tuesday, September 25, 2012, 17:23 [IST]

Maruti Suzuki is looking at a price hike path. Industry reports are stating that, the company could indulge in a price hike inorder to offset impact of the fluctuation of foreign exchange as well as balance out increase in input costs.

These factors are certainly taking a toll on Maruti's margins. On this regards, the company is working closely with local vendors to source parts that will bring down the forex exposure. Maruti is aware that, localization is a way out to drive down forex fluctuation for the domestic car mart business.

On the other hand, Maruti is working on increasing their exports which will in turn mitigate forex fluctuation.

Maruti is gearing up to launch the all new alto 800 next month and exports are said to kick-start by end of this year. Will the new Alto 800 be the silver lining for Maruti in this black cloud?

Article Published On: Tuesday, September 25, 2012, 17:23 [IST]

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