Maruti Suzuki India Ltd Wednesday said it will hike its car prices by up to ₹10,000 for select models with immediate effect to offset adverse impact of increase in commodity prices and foreign exchange rates.
Maruti Suzuki India in a regulatory filing said prices will go up “for select models owing to increase in commodity prices and foreign exchange rates etc. The price change varies across models and ranges up to ₹10,000 (ex-showroom, Delhi)”.
“The new prices are effective from January 10, 2019,” it added.
India’s largest carmaker did not specify which car models will become costlier post this price hike.
Currently, Maruti Suzuki cars start from the entry-level Alto 800 to the premium crossover S-Cross priced between ₹2.53 lakh and ₹11.45 lakh (ex-showroom, Delhi).
Shares of Maruti Suzuki were trading 0.09 per cent higher at ₹7,472.45 apiece on the BSE.