Maruti Suzuki India hikes prices by up to Rs. 6,100
What's the story
Country's largest carmaker Maruti Suzuki India (MSI) today hiked prices of its vehicles by up to Rs. 6,100 (ex-showroom Delhi) to partially offset an increase in commodity and distribution costs and adverse foreign exchange rates. MSI sells a range of vehicles from entry-level Alto 800 to mid-sized sedan Ciaz. These were priced between Rs. 2.51L and Rs. 11.51L before the hike. Here's more.
Adverse impact
Foreign exchange rate had impacted the company adversely: MSI
Earlier this month, Maruti Suzuki India (MSI) Senior Executive Director (Marketing and Sales) RS Kalsi had said the company has been analyzing the adverse movement of commodity prices which were going towards the higher side. Besides, the foreign exchange rate had impacted the company adversely, while the fuel prices too have increased, adding to the logistics costs, he added.
Mercedes-Benz
Mercedes-Benz to hike prices by up to 4% from September
German luxury carmaker Mercedes-Benz today also announced to hike prices of its vehicles across models by up to 4% from September. Other companies such as Mahindra & Mahindra, Tata Motors and Honda Cars India have also announced price hikes from this month citing rising input cost. In April, luxury carmakers such as Audi, JLR, and Mercedes-Benz also hiked prices.