The country’s largest car maker, Maruti Suzuki India will increase the prices of its entire passenger vehicle range by up to two percent from January due to the rising cost of inputs. The company will go in for a price revision by up to 2 percent. It currently sells a range of models from hatchback Alto 800 to Utility Vehicle S cross.
Earlier in the week, Tata Motors also said that it will increase the prices of its entire passenger vehicle range by up to Rs.25000 starting from January in order to offset the impact of the rising cost of inputs. Rival Mahindra and Mahindra is also planning a 1.5%-2% hike from January 2018. Another manufacturer Ford India said it will increase the prices of all its vehicles by upto 4 percent from January.
A spokesperson of Maruti Suzuki said that the company was absorbing the impact of small fluctuations till now. But with a gradual increase in the commodity prices, they will have to pass on the increase to the customers from January. The quantum of price increase will vary according to the different models and fuel specifications and the prices would go up by 2% across the entire product portfolio from the coming month.