New Delhi , January 15, 2013 : To neutralize the pressure of adverse currency fluctuation,India’s largest passenger car maker Maruti Suzuki India announced that it is all set to hike the prices of its vehicle of all models by up to Rs.20,000 from January 16,2013.
The company sells a variety of models, starting from the Maruti 800 to the imported Kizashi at a price range starting from Rs. 2.09 lakh to Rs. 17.52 lakh (ex-showroom, Delhi).
Maruti Suzuki India chief operating officer (marketing and sales) Mayank Pareek said
“The price hike across all models will come into effect from tomorrow and will be up to Rs. 20,000”
Last month, the company had announced a price increase of 1-3 per cent.
Mr. Pareek further justified the price hike saying it has been necessitated due to increasing pressure on margins following the adverse currency fluctuation.