Maruti has raised prices of all the cars in its model range by Rs. 3,000 to Rs. 9,000 on the ex-showroom price depending on the model and the variant. This has been done citing changes in the dealer margins and minor price calibrations, the price hike does not affect the recently launched S-Cross premium-crossover. This is not the first time that the company has hiked the prices of its products this year, it had hikes prices by a big margin in January this year too.
Maruti, unlike most of its competition, is doing very well in terms of sales figures this year: In the first quarter of the 2015-16 financial year, the sales numbers of the company grew by over 16 per cent as compared to the first quarter in 2014-15. Maruti is the second company in India to have hiked prices, Hyundai had earlier hiked prices its car by up to Rs. 30,000.
The price hike will not affect customers much, many dealerships have started offering deals in anticipation of the upcoming festive season. Maruti expects customers in the country to buy more cars from the country this year too; while products like the Swift DZire and Alto (Alto 800 and Alto K10) have been moving from strength to strength, the company has moved into the premium-crossover segment in the country with the S-Cross and is expected to have a slew of launches by the end of the year.
New launches from the company will include the YRA hatchback (which has been teased for the international markets as the Baleno), a new compact-SUV code-named the YBA, the Ertiga facelift and the Ciaz-hybrid premium-sedan (which could return a fuel efficiency as high as 28 km/l).
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