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Maruti Suzuki is the latest car manufacturer in India to announce a hike in prices. The hike in prices from Maruti Suzuki will include its entire range of products in India and will come into effect from January 2019.
The company stated that the price hike is due to the rising input and distribution costs. However, Maruti Suzuki is yet to announce the percentage of the hike. Although looking at the trend, a hike of up to 3 to 4 per cent is expected from Maruti, similar to some of the other manufacturers in India.
Maruti Suzuki is India's largest car manufacturer and controls 51 per cent of the market share. The company recently launched their all-new Ertiga MPV in the market priced at Rs 7.44 lakh, ex-showroom (India).
The new Maruti Suzuki Ertiga comes in both petrol and diesel options. This includes a new 1.5-litre petrol and the same 1.3-litre diesel borrowed from the old model. The petrol engine churns out 103bhp and 138Nm of torque while the diesel unit produces 89bhp and 200Nm of torque. Both engines further come mated with Maruti's Smart-Hybrid (SHVS) technology.
The petrol and diesel unit are mated to a standard five-speed gearbox, with the petrol version further receiving the option of an AMT.
Apart from Maruti Suzuki, three other brands have also announced a hike in prices from January 2019. These include BMW, Toyota and Isuzu Motors, all of which have announced a hike of up to 4 per cent, with effect from January.
Thoughts On Maruti Suzuki Price Hike
Maruti Suzuki is the latest in line to announce a hike in prices in January. The company has seen a marginal decline in sales during the month of November. However, this has been a common trend during this year's festive season, which has witnessed a slump in overall four-wheeler sales.