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India's leading automaker Maruti Suzuki has announced a price hike across the model range. Maruti Suzuki will increase the prices of its cars by up to Rs 6,100. The new price will be effective from August 16, 2018. Maruti Suzuki has increased the prices of its models for the second time in 2018.
Previously, Maruti Suzuki had increased the prices in the range of Rs 1,700 to Rs 17,000 in January 2018. The reason behind the latest price hike is the increase in distribution and commodity cost and the fluctuation of foreign exchange rates.
Maruti Suzuki has not revealed the updated price for each model. But, by looking at the overall hike, the increase in price could be marginal on some models. Currently, the product portfolio of Maruti ranges from the Alto hatchback to the S-Cross crossover which is sold through the Nexa dealership network.
Prior to the price hike, the prices of the Alto 800 starts at Rs 2.52 lakh and goes all the way up to Rs 3.81 lakh. Both prices are ex-showroom (Delhi). The entry-level model of the new Swift is priced at Rs 4.99 lakh while the top-spec model costs Rs 8.76 lakh. Both prices are ex-showroom (Delhi). Maruti Suzuki is yet to reveal the updated price list.
The price hike from Maruti Suzuki should not impact the sales of the new Swift as it is expected to be only marginal. Maruti Suzuki will also launch the new Ciaz this month. The Ciaz will be a crucial product for the company as the sedan gets its first update since the launch.
Apart from Maruti Suzuki, Honda also announced a price hike this month. The Japanese automaker increased the prices across the range and the new Amaze received a price hike of Rs 31,000. Mahindra & Mahindra also plans to increase the prices of its models and could make an official announcement in the coming days.
Thoughts On The Maruti Suzuki Price Hike
Maruti Suzuki has announced a price hike of up to Rs 6,100 across the product portfolio. The price hike is expected to be marginal on the entry-level models such as the Alto 800, Celerio and the WagonR. But the premium models such as the S-Cross might be expensive by a larger margin. We expect more automakers to follow the same in the coming days.