India’s largest car maker, Maruti Suzuki, on Friday has hiked prices of all its product by Rs 9,000, except the newly launched crossover S-Cross.
The average hike in the ex-showroom prices, with effect from August 11, across models ranges from Rs 3,000 to Rs 9,000, a Maruti Suzuki India (MSI) spokesperson said. The price revision is on account of changes in dealer margin and a minor calibration in prices, the spokesperson added.
Maruti has around 50% share in the country’s passenger vehicle market. The firms current profile in India ranges from the entry level car Alto 800 to premium S-Cross, priced from Rs 2.50 lakh to Rs 13.74 lakh.
Its rival Hyundai Motor has already announced a hike across all model, except the newly launched SUV Creta, by upto Rs 30,000.
Maruti recently launched its crossover S-Cross earlier this month, however, this price hike won’t affect for this. The price of S-Cross remains unchanged.
Maruti Suzuki India, began the new fiscal on a very positive note by closing April with a 29.6% sales growth over the corresponding period of the previous year.
The company had sold 86,196 units in April 2014. In April, the company derived the bulk of its sales from Swift, DZire, Ritz, Celerio accounting for 42,297 units.