Maruti Suzuki will increase car prices by up to Rs 62,000 from April 8

DELHI Delhi. The country’s largest carmaker Maruti Suzuki India on Wednesday said it will hike prices of various models by Rs 2,500-62,000 from April 8.The company plans to hike prices of cars due to rising input costs, operating expenses, regulatory changes and feature additions, the auto major said in a regulatory filing.Though the company is committed to optimise costs and minimise the impact on its customers, it is bound to pass on some part of the increased expenses to the market.

The company said it will increase the price of compact SUV Frontx by Rs 2,500, Dzire Tour S by Rs 3,000 and multi-purpose vehicles XL6 and Ertiga by Rs 12,500. The company is also planning to increase the price of compact model Wagon R by Rs 14,000 and Eco Van by Rs 22,500. The company said that apart from this, the price of SUV Grand Vitara will increase by Rs 62,000. Maruti Suzuki sells models ranging from entry-level Alto K-10 to multiple purpose vehicle Invicto in the domestic market. In January, the company had announced a price hike of up to Rs 32,500 for various models from February 1. Maruti Suzuki shares closed at Rs 11,715.05 on the BSE on Wednesday, up 2.09 per cent.