Maruti Suzuki will increase the pricing of its cars in India from this month. Ahead of that, the automaker is currently working out the details of the quantam of the price hike. This price hike will be implemented due to the increased production cost for the Maruti models. The increased input cost has forced several other automakers to take similar steps as well.
Speaking about the price hike, Mr. RS Kalsi, Senior Executive Director of Maruti Suzuki has said, “This question has been coming for quite some time. We have been analysing the adverse movement of commodity prices going towards the higher side.” He also said that foreign exchange fluctuations and fuel price hike too played key role behind the decision to increase pricing of the Maruti models.
Maruti Suzuki is confident that the price hike won’t affect the sales in long run. The brand currently offers a wide range of products through its two different channels, the Maruti Suzuki Arena and Nexa. The automaker is currently preparing to launch the Ciaz facelift that has been spotted in the wild several times. The new Ertiga and a new small SUV too is on card. Meanwhile, Maruti’s decision to increase pricing of its cars comes after Mahindra and Tata Motors too have taken such steps.