Maruti Suzuki India Limited(MSIL) hikes prices by up to Rs. 20,000 across models

Country’s largest carmaker Maruti Suzuki India Limited(MSIL) Monday August 01,2016 hiked prices of its various models by up to Rs. 20,000.

The increase in price for the newly launched compact SUV Vitara Brezza will be Rs. 20,000 while that of new premium hatchback Baleno is Rs. 10,000.

 On a select range, the price hike will be between Rs. 1,500 and Rs. 5,000, Maruti Suzuki India (MSI) said in a regulatory filing.

On reasons for the hike, MSI said, “This price revision is based on factors like, segment-wise demand, forex movements and strategic objectives of the company.”

The hike is effective from today, it added.

The company sells a range of models starting from hatchback Alto 800 to premium crossover S-Cross, priced Rs. 2.45 lakh to Rs. 12.03 lakh (ex-showroom Delhi).