Tuesday, 25 September 2012
Maruti to hike car prices by next week
Country's largest car maker Maruti Suzuki India today said it will hike prices of its vehicles by within a week in order to offset impact of adverse foreign exchange fluctuation and rising input costs. Also Read: New Maruti Alto 800 First Drive"There is a lot of pressure on our margins due to the foreign exchange fluctuation and rising input costs. We will be increasing product prices within a week but the details are being worked out," Maruti Suzuki India Chief Operating Officer (Marketing and Sales) Mayank Pareek told PTI.The company sells a range of models starting with the Maruti 800 to the luxury sedan Kizashi, which are priced between Rs 2.04 lakh and Rs 17.5 lakh (ex-showroom Delhi)
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