Maruti increases prices of its models

Maruti Suzuki, India's largest car maker raised prices of its models by an estimated up to Rs 10,000 to recover the increase in input costs arising out of raw materials including steel. As per the current on road prices of various models the raise would range between Rs 100 to as high as Rs 10,000 per car. Maruti Suzuki India (MSI) said in a statement that while the average increase in prices is of around 0.6 per cent, it varies from 0.12 per cent for the Ritz VDi at the lower end to 1.9 per cent for the Dzire LXi models but did not share the hike in rupee terms.

However, there will be no hike in the prices of the company's recently launched multi purpose vehicle Eeco, and the petrol variant of the small car Swift and its Gypsy models. It also said that the starting price for its refreshed Estilo, which was launched in August last year, has been withdrawn. Estilo will now be expensive by Rs 1,243- Rs 2,486 according to the variants. In the last one month Honda Siel Cars India and luxury carmaker BMW have raised prices and Maruti's decision to hike price is a similar measure to offset the increase in input costs.

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