BUSINESS

Maruti hikes prices

Source:PTI
October 03, 2005

Acting as a dampener ahead of the festive season, Maruti Udyog Limited today effected a 0.2-1 per cent price hike in all its models except Swift, due to an increase in input costs including freight costs.

"The price hike is due to increase in freight costs, which went up following the rise in oil prices. We have decided to pass on only a part of the impact and other input costs to the customers," a company statement said.

It also said that another price revision may be undertaken by the end of the year.

The ex-showroom price of Maruti 800 Standard would now be Rs 2,00,850, an 0.8 per cent hike against the earlier price of Rs 1,99,350. The Maruti 800 AC would cost Rs 2,23,754.

The other hot cake from the Maruti stable, Alto Lx is now priced at Rs 2,79,408, a marginal hike of around Rs 1,500 and Alto Lxi would come for Rs 2,99,317.

The company has increased the prices of Wagon R by 0.7 per cent, translating to Rs 2,400. Wagon R Lx now has a price tag of Rs 3,39,582 and its Lxi variant would cost Rs 3,66,892.

Mid-sized Baleno Lxi is now priced at Rs 5,80,173, an increase of a meagre Rs 1,100.

Prices of Zen Lx and Lxi now stand at Rs 3,44,796  and Rs 3,71,619, respectively.

Source: PTI
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