Guwahati, Monday, January 18, 2010
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BUSINESS

Maruti Suzuki hikes prices
 NEW DELHI, Jan 17 (PTI): The country’s largest car maker Maruti Suzuki India hiked prices of most of its models by an estimated up to Rs 10,000 to offset the increase in input costs, including that of steel.

While the average increase in prices is of around 0.6 per cent, it varies from 0.12 per cent for the Ritz VDi at the lower end to 1.9 per cent for the Dzire LXi models, Maruti Suzuki India (MSI) said in a statement, but did not share the hike in rupee terms.

However, the hike would range between a few hundred rupees to as high as Rs 10,000 per car, as per the current on-road prices of various models.

However, the company’s recently launched multi purpose vehicle Eeco, and the petrol variant of the small car Swift and its Gypsy models will not be affected by the price hike.

“The price increase is to partly recover the increase in the input costs arising out of raw material costs over the past one year. For some models the increase in the costs are being absorbed by the company,” the company said.