The largest car maker in India, Maruti Suzuki, has hiked prices of its different models by approximately Rs 20,000 ($300). The boost in rate for the newly released compact SUV Vitara Brezza will be Rs 20,000 ($300) while that of brand-new premium hatchback Baleno is Rs 10,000 ($150). On a select range, the rate hike will be in between Rs 1,500 ($22) and Rs 5,000 ($75), Maruti Suzuki India (MSI) said in a regulatory filing.
On factors for the hike, MSI stated: “This cost modification is based upon factors like, segment-wise need, forex motions and strategic objectives of the company.” The hike is reliable from today, it included. The company offers a range of designs beginning with hatchback Alto 800 to superior crossover S-Cross, priced Rs 2.45 lakh ($3,669) to Rs 12.03 lakh ($18,015) respectively. MSI stock ended during one of the last days at Rs 4,869 ($73) on BSE, up 2.41 per cent from the previous close.