Maruti Suzuki India raises prices across vehicle range

Maruti Suzuki India on Tuesday said it has increased prices of its entire model range with immediate effect.

An estimated weighted average of increase across models is 0.45 per cent, the auto major said in a regulatory filing. This indicative figure is calculated using ex-showroom prices of models in Delhi and will come into effect from January 16, 2024, it added.

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Maruti Suzuki India (MSI) sells a range of cars starting from Alto to Invicto, priced between Rs 3.54-28.42 lakh (ex-showroom).

This comes after the company had intimated last year that it would hike prices in January 2024. However, it had not specified the quantum of hike then. "The company has planned to increase the prices of its cars in January 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices," the company had said in a regulatory filing on November 27.