Maruti cars get expensive Rs 9000

The country’s largest car maker, Maruti Suzuki India Ltd., said on Monday that it has raised the price of its cars in Indian across models by up to Rs 9,000. According to the company, the move has been taken to offset the continuously rising input costs. This is the second time in this year when the company has announced to hike the price of its cars in India. Before this, the company had hiked the prices by up to Rs 8,000 across models in January 2011.

The company said in a official statement issued on Monday, "We have undertaken a price hike across the models ranging between 0.2 per cent to 2.4 per cent." The price increase ranges from minimum of Rs 1,100 to maximum of Rs 9,000. However, the details of the price increase across different models are yet to be ascertained. At present, Maruti Suzuki has 15 models in its India portfolio from iconic small car Maruti 800 to recently rolled-out premium luxury sedan Maruti Kizashi.

Meanwhile, the country’s second largest car maker Hyundai Motors Indian limited is also mulling to take similar steps. The company spokesperson said in a recent statement, "We are also considering price hikes but the quantum and the date has not been finalized yet. We need to take the step to offset rising input costs."