Maruti Suzuki, the country's largest car maker, has hiked the prices of its entire model line-up in India by up to Rs 12,000. The hike is effective from 16 January.
Many of the auto makers in the country have hiked the prices from January and Maruti is the latest to join the bandwagon. While the price hike of other models of Maruti ranges from Rs 1000 to Rs 4000, the price of the recently launched model Baleno has been increased in the range of Rs 5000 to Rs 12,000. Maruti's current line-up for the Indian market starts from the entry level Alto to the premium crossover S-Cross that is sold through the Nexa dealerships.
Earlier in January, Honda cars India announced that the prices of its models in the country have been increased by up to Rs 10,000. With the hike, the prices of Honda's small car Brio has gone up by Rs 2,000 and the cost of premium sports utility vehicle CR-V is up by 10,000. While Honda's compact sedan Amaze witnessed a price hike of Rs 3, 500, its popular City received a price hike by 3,000.
In January, other auto majors like Nissan and DatSun, Hyundai and BMW also announced a hike in the prices of their models from January. While General Motors announced an increase in the range of 2% from January, BMW and Hyundai increased their vehicle prices by up to 3% and ₹30,000, respectively. French auto maker Renault has also joined the price hike bandwagon and increased the prices of their models by up to 3%.