Maruti increases vehicle prices

Leading auto manufacturer Maruti Suzuki India has recently announced rise in vehicle prices to Rs 31,600, considering the expiry of excise duty concessions extended to the auto sector, says a report in PTI.

According to a company official, this hike in prices was a repercussion of revision of central excise duty from January 1, 2015. This will impact all models ranging between Rs 7,850 on Omni van to Rs 31,600 on mid-sized sedan Ciaz.

 As per the revised prices, the popular entry level car Alto will be around Rs 8,500 to Rs 12,700, earlier the same model was priced between Rs 2.37 lakh to Rs 3.52 lakh (all prices ex-showroom Delhi).

Besides, another popular model Wagon R from will see an increase ranging from Rs 12,500 to Rs 15,700 from its current tag of Rs 3.48 lakh to Rs 4.35 lakh.

Also, Maruti Swift is expected to witness a hike in cost by Rs 15,850 to Rs 25,150 , more now from the current price of Rs 4.42 lakh to Rs 6.95 lakh.

Likewise, popular compact sedan Dzire will see an increase from Rs 17,500 to Rs 26,650 from the current price of Rs 4.85 lakh to Rs 7.32 lakh. The car market leader said its new compact model Celerio will see an increase of Rs 13,600 to Rs 17,200 from the existing price of Rs 3.76 lakh to Rs 4.78 lakh. Maruti's latest model Ciaz will cost Rs 22,450 to Rs 31,600 more from the current price of Rs 6.99 lakh to Rs 9.80 lakh.

While the price of its multi-purpose vehicle Ertiga has been hiked by Rs 18,750 to Rs 27,750 from its previous price of Rs 5.8 lakh to Rs 8.49 lakh.

The Omni will cost Rs 7,850 to Rs 9,950 more from the current price of Rs 2.17 lakh to Rs 2.75 lakh, the company said.

Besides, Hyundai Motor India and General Motors India had also announced price hikes ranging up to Rs 1.27 lakh.