Maruti Suzuki India has hiked the prices of its entire range of passenger vehicles in the country. The largest automaker in India recently announced a price hike on its cars, effective January 16, 2024. This is not the first time the brand has decided to increase the price of its luxury cars. Previously, the automaker implemented a price hike on November 27 last year due to rising production costs and rising inflation.
The manufacturer recently stated in a regulatory filing that its entire passenger vehicle lineup has received a price surge of around 0.45 percent. The company said that the ex-showroom pricing of its vehicles in Delhi is utilized to determine the indicated price hike percentage.
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According to the new prices listed on the company’s website, after the price hike, the company’s most budget-friendly model, the Alto K10, is now available in a price range of INR 3.99 lakh to INR 5.96 lakh (ex-showroom). Maruti Suzuki Brezza is now priced between INR 8.29 and INR 13.98 lakh (ex-showroom). The Baleno, on the other hand, is priced between INR 6.61 lakh and INR 9.28 lakh (ex-showroom).
Maruti Suzuki offers a wide range of PVs in the country, from the entry-level small hatchback Alto K10 to the premium MPV Invicto. It also has links to different channels, like Nexa and Arena. The Arena puts its complete focus on mass-market models like Dzire, WagonR, Celerio, Swift, etc., whereas Nexa focuses on premium passenger vehicles like Jimny, Fronx, Baleno, Grand Vitara, etc. The brand recently saw record sales growth in 2023 as the company achieved its highest-ever yearly sales milestone of 20 lakh units in the calendar year 2023.
Apart from Maruti, other automakers in India, including Tata Motors and Mahindra, among others, have also announced a price surge for their passenger vehicles starting in January 2024. Although all these automakers have increased the cost of their vehicles, they are hopeful that sales will not slow down.
