NEW DELHI: Maruti Suzuki India on Wednesday stated it is going to hike costs of its cars across fashions this month to offset hostile affects of upward push in commodity costs, foreign exchange fluctuations and gas price will increase.
The company, however, stated it's recently working out the main points of the quantum of price increase, which will range depending on the model.
"This question has been coming for quite some time. We have been analysing the adverse movement of commodity prices -- going towards the higher side," Maruti Suzuki India Senior Executive Director (Marketing and Sales) RS Kalsi advised PTI.
He additional stated, "Also the foreign exchange rate has been impacting us adversely. The fuel prices too have increased, adding to the logistics costs."
The company can't take in the whole have an effect on to any extent further.
"So it is now imperative for us to pass on some impact of the above factors to the customers through a price increase. This will happen across the range of models in August itself," he stated.
When asked in regards to the quantum of hike, he stated, "We are working on it. It will vary depending on the models."
Stating that the company's finance team is recently working out the main points, he stated, "It is difficult to give any range of the price hike till the finance team finalises it. We are working on it and the moment we get clarity on it, we will hike the prices accordingly."
Maruti Suzuki recently sells a range of cars from access stage Alto 800 with price starting at Rs 2.51 lakh to mid-sized sedan Ciaz tagged at Rs 11.51 lakh (ex-showroom Delhi).
Other corporations corresponding to Mahindra & Mahindra and Tata Motors have also introduced price hikes from August citing rising input costs.
The company, however, stated it's recently working out the main points of the quantum of price increase, which will range depending on the model.
"This question has been coming for quite some time. We have been analysing the adverse movement of commodity prices -- going towards the higher side," Maruti Suzuki India Senior Executive Director (Marketing and Sales) RS Kalsi advised PTI.
He additional stated, "Also the foreign exchange rate has been impacting us adversely. The fuel prices too have increased, adding to the logistics costs."
The company can't take in the whole have an effect on to any extent further.
"So it is now imperative for us to pass on some impact of the above factors to the customers through a price increase. This will happen across the range of models in August itself," he stated.
When asked in regards to the quantum of hike, he stated, "We are working on it. It will vary depending on the models."
Stating that the company's finance team is recently working out the main points, he stated, "It is difficult to give any range of the price hike till the finance team finalises it. We are working on it and the moment we get clarity on it, we will hike the prices accordingly."
Maruti Suzuki recently sells a range of cars from access stage Alto 800 with price starting at Rs 2.51 lakh to mid-sized sedan Ciaz tagged at Rs 11.51 lakh (ex-showroom Delhi).
Other corporations corresponding to Mahindra & Mahindra and Tata Motors have also introduced price hikes from August citing rising input costs.
Maruti Suzuki to hike prices across models this month
![Maruti Suzuki to hike prices across models this month]()
Reviewed by Kailash
on
August 01, 2018
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