Car market leader Maruti Suzuki India announced on Thursday that it will be raising prices across various models by up to Rs 32,500 starting February 1. The decision comes as a response to the increase in input costs affecting the company's operations.
According to a regulatory filing, Maruti Suzuki India stated, "While the company is committed to optimizing costs and minimizing the impact on customers, we are compelled to pass on some of the increased expenses to the market."
Among the models affected by the price hike are the compact car Celerio, which will see an increase in ex-showroom prices by up to Rs 32,500, and the premium model Invicto by up to Rs 30,000. The popular model Wagon-R will see a price increase of up to Rs 15,000, while the Swift will go up by Rs 5,000. SUVs Brezza and Grand Vitara will also see price hikes of up to Rs 20,000 and Rs 25,000, respectively.
Entry-level small cars Alto K10 prices will rise by up to Rs 19,500 and that of S-Presso by up to Rs 5,000. The premium compact model Baleno's price will increase by up to Rs 9,000, compact SUV Fronx by up to Rs 5,500, and compact sedan Dzire by up to Rs 10,000, as per the filing.
Maruti Suzuki India currently offers a range of vehicles starting from the entry-level Alto K-10 at Rs 3.99 lakh to Invicto at Rs 28.92 lakh.
