Car prices up Maruti, Hyundai follow suit
Car Prices up Maruti, Hyundai Follow Suit. Leading manufacturers Maruti Suzuki, Hyundai and General Motors on Tuesday hiked car prices by up to Rs1.27 lakh, within days of the government’s withdrawal of excise duty concessions.
New Delhi: Leading manufacturers Maruti Suzuki, Hyundai and General Motors on Tuesday hiked car prices by up to Rs1.27 lakh, within days of the government’s withdrawal of excise duty concessions. The carmarkers attributed the price hike to increased input costs as also to the withdrawal of the duty sops, which were given in February last year and extended till December 31.
Maruti Suzuki India (MSI) hiked prices of its vehicles in the range of Rs7,850 to Rs31,600, while rival Hyundai hiked prices in the range of Rs15,000 to Rs1,27,000, effective from January 1, 2015. General Motors India also hiked prices of various models in the range of Rs15,000 to Rs61,000.
The increased prices after revision of central excise duty with effect from January 1, 2015 across all models ranges between Rs 7,850 on Omni van to Rs 31,600 on mid-sized sedan Ciaz, said an MSI official.
Under the revised prices, the popular entry level car Alto 800 will be dearer by Rs 8,500 to Rs12,700. Before the hike, the model was priced between Rs2.37 lakh and Rs3.52 lakh (all prices ex-showroom Delhi). Another popular model WagonR from Maruti will see an increase ranging from Rs12,500 to Rs15,700 from its current tag of Rs3.48 lakh to Rs4.35 lakh.