Maruti announces price hike across the range this month - Report

Maruti Suzuki will be hiking prices across its range, a report states on the Times of India. The price hike is to "offset adverse impacts of rise in commodity costs", foreign exchange fluctuations and fuel price increases.

Maruti Suzuki India Senior Executive Director (Marketing and Sales) RS Kalsi confirmed that the hike would take place this month, and across the range. However, when asked about the quantum of the hike, he stated that the finance team was working on it, and would be announced shortly.

Maruti Suzuki, which sells nearly one in two new cars sold in India, has two retail outlet concepts. The Maruti Arena sells the Maruti Alto 800, Alto K10, Wagon R, Celerio, Celerio X, Swift and Dzire in cars and Vitara Brezza, Ertiga and Gypsy in utility vehicles, and the Omni and Eeco vans. The premium NEXA retail chain sells the Ignis, Baleno, Baleno RS, and Ciaz in cars and S-Cross in the utility vehicle segment.

From the above, the Maruti Ciaz is due for its mid-life facelift which launches on August 20 reportedly. The Ertiga, on the other hand, is approaching the end of its lifecycle and the next-generation model is expected in the festive season. By the end of this financial year, Maruti will reportedly launch an all-new Wagon R with a three-row 7-seat layout which will slot it below the Ertiga.

Also read: 5 Suzuki Utility Vehicles (SUV & MPV) that you cannot buy in India

Maruti will introduce a crossover on the new Ertiga (codename YHB) which is due to arrive within six months of the MPV going on sale. The company will also enter the EV segment with an electric Wagon R this decade as per reports.

[Source - TimesOfIndia.com]