The ever increasing inflation index that is leading to higher input cost has already taken a toll on the health of the manufacturing industries across the spectrum. As a result of this development, most of the auto makers have increased their product’s price by 1 or 2 percent. Now the latest news is that market leader Maruti Suzuki India Limited has also followed suit and announced a price hike across the range of models by up to 2.2 percent which translates up to Rs 8000, the only car that has been excluded from this hike is the latest Maruti offering, the all new compact car Alto K10.
Excluding the new hatchback Alto k10, according to reports, the hike in price will mean an increase of the prices ranging from Rs 1000 to Rs 8000 across various models. The SUV Gypsy will see the maximum hike in the scheme of this rise, a whopping Rs 10,000, it must be however noted that Gypsy has only institutional sales. Regular models like the 800, Alto, Zen-Estilo, A-Star, Swift and Omni have seen an increase of Rs 2000 in their prices.
Further more Eeco, Wagon-R, and Swift Dzire have been reported to be costlier by additional Rs 3000. The price of SX4 sedan is up by Rs 5000 while that of the small hatch back Maruti Ritz is up by Rs 1000. The price of the new Eeco CNG was hiked by Rs 8000 while that for Alto K10 was left untouched. Mayank Pareek, Managing executive (Marketing and Sales) for Maruti Suzuki India Limited was quoted as saying, that it was true that the prices have been increased from January 17 and it ranges between 0.5 percent and 2.2 percent. The company had forewarned in the month of December of the expected price rise in the month of January, courtesy of the growing and unbearable commodity cost. It must be recalled that Mr. Pareek at that time quoted the price of natural rubber, which was stable for a long time at Rs 100 per kg to have been sky rocketed up to Rs 220 per kg. Similarly prices of copper have seen increase of about 12-15 percent as also the prices of steel.