Maruti Suzuki India (MSI), the largest carmaker of the country, today announced a hike in prices across all its models by up to Rs 20,000.
The hike, which may burden the aspiring car owners, will come into effect from today onwards.
The increase in price for the newly launched compact SUV Vitara Brezza will be Rs 20,000 while that of new premium hatchback Baleno is Rs 10,000.
On a select range, the price hike will be between Rs 1,500 and Rs 5,000, Maruti Suzuki India (MSI) said in a regulatory filing.
"This price revision is based on factors like segment-wise demand, forex movements and strategic objectives of the company," MSI said on the reasons behind the hike.
The company sells a range of models starting from hatchback Alto 800 to premium crossover S-Cross, priced Rs 2.45 lakh to Rs 12.03 lakh (ex-showroom Delhi).
MSI stock today ended at Rs 4,869.80 on BSE, up 2.41 per cent from the previous close.
(With PTI inputs)
