India’s largest carmaker, Maruti Suzuki has announced today a hike in all its models due to the increasing input costs.The hike will be up to Rs.9000 and is effective from April 4,2011.Tata Motors has already increased the prices of its vehicles by up to Rs 36,000 from April 1.
In 2011,it is the second hike of Maruti Suzuki which had already hiked its price in January up to Rs.8000 except its Alto k10 model.
A company official of Maruti Suzuki said,”We have undertaken a price hike across the models ranging between 0.2 per cent to 2.4 per cent” and “This step was undertaken to offset rising input costs”.He also added it will translate into a minimum increase of Rs 1,100 and a maximum of Rs 9,000 depending on model.
Hyundai Motor India is also putting efforts to hike its prices.An HMIL spokesperson informed,”We are also considering price hikes but the quantum and the date has not been finalised yet. We need to take the step to offset rising input costs”.
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