Japanese carmaker, Maruti Suzuki has increased prices across all its products on slot with the prices going up with immediate effect. The company hiked the prices by up to Rs 20,000, though the increase in the prices of some models varies from Rs 1500 – Rs 5000, but the major hike has been made for its newest addition of the compact SUV to the car line, the Vitara Brezza.
Maruti increased the prices of their product for the second time while the last was made in the month of January and that time too the increased price was up to Rs 20,000 for the Baleno. Earlier, they reasoned that the price increase was due to the rising input costs and now Maruti Suzuki states that the price revision is based on factors like segment-wise demand, forex movements and strategic objectives of the company.
Maruti Suzuki sells a range of models starting from Alto 800 hatchback to premium crossover S-Cross that are priced Rs.2.45 lakh to Rs.12.03 lakh (ex-showroom Delhi). On Monday, Maruti Suzuki stock ended at Rs 4,869.80 on the BSE, up 2.41% from the previous close.