Maruti Suzuki car price hike 2023: Carmaker increases prices across models by 1.1%

Maruti Suzuki Car Price Hike 2023: India's largest car company Maruti Suzuki on Monday, January 16, announced an increase in prices across models.“An estimated weighted average of increase across models stands at around 1.1%. This indicative figure is calculated using Ex Showroom prices of models in Delhi and will come into effect from 16th January, 2023," the company said in an exchange filing. The prices will come into effect from today

This is the second price hike that the carmaker is undertaking in the ongoing fiscal year, after increasing it in April 2022.

In December last year, the company had said it would hike prices of its vehicles to offset the impact of rising input costs and make provisions to update the model range to conform to stricter emission norms which will kick in from April 2023. 

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The company sells a range of vehicles starting from entry-level small car Alto to SUV Grand Vitara which are priced between Rs 3.39 lakh and Rs 19.49 lakh (ex-showroom Delhi). Earlier, Hyundai, Tata Motors also had announced plans to increase prices across their offerings starting this month to offset the impact of rising costs.

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(With PTI inputs)