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Maruti Suzuki India Ltd. made an announcement regarding the increase in the price of its selective Models by up to Rs 10,000. This would be done in order to compensate the losses incurred due to the increase in commodity prices and foreign exchange rates. These new prices would be immediately made effective.
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In a regulatory filing, the Automobile company said that the prices would go up for selected Models and would be soon implemented. The price change would vary from Model to Model. This has been done owing to the effect of the commodity price hike and increase in the Foreign exchange rates.
Maruti Suzuki India in a regulatory filing said prices will go up "for select models owing to an increase in commodity prices and foreign exchange rates etc. The price change varies across models and ranges up to Rs 10,000 (ex-showroom, Delhi)".
"The new prices are effective from January 10, 2019, " - Maruti Suzuki India
India's largest carmaker, Maruti Suzuki India, didn’t specify the car models which would come in effect of the increased cost and will become costlier post this price hike. Currently, Maruti Suzuki cars pricing starts from the entry-level Alto 800 to the premium crossover S-Cross priced between Rs 2.53 lakh and Rs 11.45 lakh (ex-showroom, Delhi).
The BSE Sensex revealed that the shares of Maruti Suzuki were trading 0.09 per cent higher at Rs 7,472.45 a share.
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