Maruti Suzuki India hikes vehicle prices by up to 1.9 percent
Maruti Suzuki India hikes vehicle prices by up to 1.9 percent
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New Delhi: The country's largest carmaker Maruti Suzuki India Limited (MSI) has said it has increased prices of its entire product range, except Celerio, by up to 1.9 percent with immediate effect.

Maruti Suzuki India in its regulatory filing to Exchanges noted that it has taken the decision to hike prices on account of an increase in various input costs. The weighted average price rise in ex-showroom prices (New Delhi) across select models is 1.9 percent, it said. This is Company’s third price hike this year. The auto major has already raised prices in January and April this year, with an overall hike of around 3.5 percent. Also Read - OVL in talks to buy stake in Vostok, Arctic LNG-2 project. Currently, the company sells a range of models from entry-level hatchback Alto to S-CROSS, priced between Rs 2.99 lakh and Rs 12.39 (ex-showroom prices Delhi) lakh, respectively. The carmaker had last month said that a price hike was necessary, as it looks to protect its profitability amid a steep rise in commodity prices.

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