Maruti hikes car prices by up to Rs 8000

PRESS TRUST OF INDIA

New Delhi, Jan 21: Giving in to rising input cost pressures, the country’s largest carmaker by sales, Maruti Suzuki India has increased prices of its vehicles by up to Rs. 8,000 across models, except its newly launched compact car Alto K10.
 “Yes, we did increase the prices on January 17 ranging between 0.5 per cent and 2.2 per cent,” Maruti Suzuki India Managing Executive Officer (Marketing and Sales) Mayank Pareek said.
 Except the new hatchback Alto-K10, the price hike will translate into an increase of price between Rs. 1,000 and Rs. 8,000 across different models made by the company.
 The company had in December last year said it would increase prices during January as the rising input costs, especially that of commodities have become unbearable.
 “The price of natural rubber, which used to be Rs. 100 per kg, has gone up to Rs. 200 per kg. Copper price has increased by 12-15 per cent and steel has also seen a similar increase,” Pareek had said then.
 Maruti sold 585,523 cars -- including its best-selling Alto model -- in the domestic market during the April-December, 2010, period, compared to 459,507 cars in the same period last year.

Lastupdate on : Fri, 21 Jan 2011 21:30:00 Makkah time
Lastupdate on : Fri, 21 Jan 2011 18:30:00 GMT
Lastupdate on : Sat, 22 Jan 2011 00:00:00 IST



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