Maruti Suzuki hikes prices by Rs 1,000-11,000

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New Delhi, Feb 2: The Country's largest car maker, Maruti Suzuki Ltd, today raised prices of its models by Rs 1,000-11,000, mainly owing to the higher raw material prices. ''We have increased the prices in a range of Rs 1,000-11,000 (ex-showroom, Delhi) and it will be effective in all the cities and is applicable to most of the models,'' said a company statement.

In early January 2008, the company had refreshed the Swift model (Petrol and Diesel) and had increased its prices. The price of Maruti 800, Wagon R Lx and Lxi (LPG) has been increased by Rs 1,000, while Zen Estilo Lxi and Vxi will become dearer by Rs 2,000. Prices of Alto Lx and Lxi, and Omni (five-seater, eight-seater and Cargo LPG) have risen by Rs 2,500 and that of Wagon R Lx Lxi and Vxi has increased by Rs 3,500.

Versa (Standard and Dx2) prices have been escalated by Rs 4,000, Gypsy King by Rs 10,000, while the cost of SX4 Vxi, Zxi and Zxi (Leather) models have been increased by Rs 11,000, the statement added.

Maruti Suzuki had released five new models last year, amid increased competition from domestic and foreign car makers.

The company accounts for around 50 per cent of all passenger car sales in the country, where robust demand is predicted to result in automobile sales tripling to three million units by 2015.


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