Maruti Udyog Ltd has raised prices of some of its models by up to 12,000 rupees to help offset higher costs, it said. Maruti, a unit of Suzuki Motor Corp, said a major portion of the cost increase - effective from Feb 1 - will go toward better dealer margins in the fast-growing market.
"Over the recent past, there have been significant increases in input costs of the company as also the operational costs of its dealers," Maruti said in a statement late on Thursday.
"The company has decided to pass on a part of this burden to its customers."
Prices of the Baleno sedan and Gypsy King multi-utility have been raised by 12,000 rupees, while the Wagon R hatchback and newly launched Zen Estillo will cost 3,500 rupees more, it said.
The mini Maruti 800, Omni, Alto, Esteem mid-size and Swift petrol variant will cost 2,000 rupees more.
Maruti, which has nearly half India's market of mostly small cars, last raised prices in August 2006 by up to 5,000 rupees.
"Over the recent past, there have been significant increases in input costs of the company as also the operational costs of its dealers," Maruti said in a statement late on Thursday.
"The company has decided to pass on a part of this burden to its customers."
Prices of the Baleno sedan and Gypsy King multi-utility have been raised by 12,000 rupees, while the Wagon R hatchback and newly launched Zen Estillo will cost 3,500 rupees more, it said.
The mini Maruti 800, Omni, Alto, Esteem mid-size and Swift petrol variant will cost 2,000 rupees more.
Maruti, which has nearly half India's market of mostly small cars, last raised prices in August 2006 by up to 5,000 rupees.
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