Maruti Suzuki to hike car prices by up to Rs 34,494 after govt levies new green tax

Maruti Suzuki India did not specify when they will apply the new prices.

By: Reuters | New Delhi | Updated: March 3, 2016 10:11 am
 (Photo Source: Reuters) (Photo Source: Reuters)

Maruti Suzuki India Ltd, India’s top-selling carmaker, will raise the prices of its passenger vehicles by up to Rs 34,494, after the government imposed a new ‘green’ tax on all cars sold in the country.

The price of its smart hybrid models, which are exempt from the new tax, will not be raised, Maruti stated on Thursday.

The automobile company did not specify when they will apply the new prices.

In his Union Budget on Monday, Finance Minister Arun Jaitley said the tax, effective immediately, is aimed at helping fight high levels of air pollution and congestion.

On Wednesday, Daimler AG’s Mercedes Benz said it would increase car prices in India by up to 5 per cent.

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