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India's largest carmaker Maruti Suzuki has announced a price increase of its models effective January 10, 2018. The hike in price is attributed to the rise in commodity and other administration and distribution costs.
The price hike is across all Maruti cars. The company is yet to announce model wise breakup of the price increase; however, they have announced a price hike ranging from Rs 1,700 to Rs 17,000 ex-showroom (Delhi). Stay tuned to DriveSpark as we update you once there is a complete breakup of the price increase as and when Maruti Suzuki officially reveals the price hike.
Maruti sells a broad range of models beginning with the entry-level small car Alto 800 to the premium crossover S-Cross, priced between Rs 2.45 lakh to Rs 11.29 lakh ex-showroom (Delhi).
Maruti Suzuki had slashed the prices of its cars in July 2017 on most of its models by up to 3 percent excluding the diesel variants of the sedan Ciaz and MPV Ertiga with mild hybrid technology, which saw a rise in prices by over Rs 1 lakh. The decrease in price came in the backdrop of the GST being implemented, and the company had passed on the benefits to customers.
Maruti cars continue to be priced competitively in the market, and many of its models have been received well in India.
Several carmakers including Hyundai Motor India, Honda Cars, Mahindra & Mahindra have already announced to raise prices from this month. However, they are yet to announce a price increase for their respective models.
Maruti Suzuki has been on the offensive by launching newer and updated models in India. The company has been sensitive when pricing its cars to offer the best to car buyers in India. The price hike due to increase in commodity and other administration costs should not impact its sales or the demand for its vehicles.
The company has a wide network of sales and service centres across the country; this has translated to better after sales experience for its customers.