Country's largest carmaker Maruti Suzuki India (MSI) said they have hiked prices of their vehicles across models. MSI said in a statement that the increase in prices of its vehicles will range from Rs 1,700 to Rs 17,000 depending on models. The price hike is owing to increase in commodity and other administrative and distribution costs and the new rates will be effective today, it added.
MSI sells a range of models starting with hatchback Alto 800 to premium crossover S-Cross, priced between Rs 2.45 lakh and Rs 11.29 lakh (ex-showroom Delhi).
Tata Motors has already increased prices of its vehicles by up to Rs 25,000 from January 1.
Ford India also said that prices of its vehicles have been raised by up to 4 percent.
Various automakers including, Hyundai Motor India, Mahindra & Mahindra, Skoda, Isuzu and Renault have also said they would increase prices from this month but are yet to announce a price increase for their respective vehicles.
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