Maruti hikes prices by up to Rs 7,500

The country's largest car maker Maruti Suzuki India on Monday raised the prices of all its models, except Alto, by up to Rs 7,500, citing a sharp increase in input costs.

The new prices are applicable with immediate effect, the company said. "Due to a sharp increase in the input costs, Maruti Suzuki India has decided to pass on a part of this cost impact to customers," the company said in a statement.

The price revision, however, will not include its largest selling model Alto, it added.

"The approximate price revision on various models (Ex Showroom, Delhi) ranges between Rs 2,000 and Rs 7,500. The price increase ranges between 1 per cent and 1.5 per cent," the statement said.

The hike comes on a day when the company reported its best ever domestic monthly sales for July at 90,114 units, a 33.45 per cent increase from 67,528 units in July 2009.

Maruti Suzuki India on Monday reported 29.18 per cent jump in its total sales, including exports, for July at 1,00,857 units. It had sold 78,074 units in the same month last year.