Maruti Suzuki India Limited (MSIL) leading automakers in India have hiked prices across range by up to INR 12,000. The company sells a range of vehicles right from the entry level Maruti Suzuki Alto 800 to the S-Cross priced between INR 2.53 lakhs and INR 13.74 lakhs. Rise in prices has been necessary due to increase in input costs, weakening of the rupee against the dollar and rise in other administrative costs as well.
This hike in prices, effective immediately, follows increased prices announced by other automakers such as Honda, Toyota Kirloskar, Tata Motors and Skoda who also hiked prices from January 2016.
The increased prices across models from the Alto 800 to S-Cross is between INR 1,000 to INR 4,000, while prices of the Baleno premium hatchback, which was recently launched and priced between INR 4.99 lakhs and INR 8.11 lakhs, has been increased in the range of INR 5,000 to INR 12,000. Below are the new prices of Baleno.
Maruti Baleno Price – Old vs New
|Maruti Baleno Petrol||Old Price||New Price|
|Maruti Baleno Sigma||4.99||5.11|
|Maruti Baleno Delta||5.71||5.76|
|Maruti Baleno Zeta||6.31||6.36|
|Maruti Baleno Alpha||7.01||7.06|
|Maruti Baleno Delta CVT||6.76||6.81|
|Maruti Baleno Diesel||Old Price||New Price|
|Maruti Baleno Sigma||6.16||6.21|
|Maruti Baleno Delta||6.81||6.86|
|Maruti Baleno Zeta||7.41||7.46|
|Maruti Baleno Alpha||8.11||8.16|
Note – All prices in INR Lakh, ex-showroom, New Delhi.
Apart from Maruti, from January 2016, Honda Cars increased prices across range by up to INR 10,000 while Skoda has also announced price hike by up to INR 33,000. Other car makers such as Toyota Kirloskar Motors have increased prices by up to INR 31,500 while Tata Motors increased prices by up to INR 20,000.
This price hike announced by automakers in India comes at a time when the new year has just commenced, and stock from last year is still available. Hike in price for new models also helps in clearing the old stock faster, as they are available at a higher discount.