Maruti Suzuki to increase car prices by up to Rs 10,000 from Oct
Car manufacturers in India are announcing hike in prices since the value of Indian Rupee has depreciated. Toyota Kirloskar Motors, Hyundai, General Motors, and Tata Motors, have already announced price hike. Now, India’s largest car maker, Maruti Suzuki India Limited (MSIL) joins the list as they will be increasing prices of their entire range of vehicles from 1st October 2013.
Last time Maruti Suzuki hiked prices was in January this year when prices were hiked by upto INR 20,000 following drastic currency fluctuations. This time round also the reason for the hike is the same with the rupee being devalued considerable and reaching an all time low of 68.85 against the US$. The recent appointment of Raghuram Rajan as Governor of Reserve Bank of India has seen a slight revival but yet the company has decided to go ahead with the price hike.