Maruti Suzuki increases prices by 4.3%

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Maruti Suzuki increases prices by 4.3%

The country's largest carmaker Maruti Suzuki India MSI said it has increased prices of its models by up to 4.3 per cent with immediate effect to offset the rise in input costs.

The company has increased its prices in the range of 0.1 per cent to 4.3 per cent because of the increase in input costs.

The weighted average price increase in ex-showroom prices Delhi across models is 1.7 per cent. The auto major said the new prices are effective from today.

MSI sells a range of cars from Alto to S-Cross priced between Rs 3.15 lakh and Rs 12.56 lakh.

In January, the vehicle prices were 1.4 per cent higher, the car major increased it three times last year, 1.6 per cent in April and 1.9 per cent in September, taking the total quantum to 4.9 per cent.

Last month, the company stated that it had to hike prices due to the rise in the cost of essential commodities like steel, aluminum, copper, plastic and precious metals over the last year.