With most other car makers announcing price hikes, it is, now, the turn of Maruti Suzuki to announce a hike in their car prices. While the other OEMs have given a percentage band, the quantum of the price hike for Maruti hasn’t been revealed. Obviously, it will vary from model to model and we expect it to be between 2 to 4 per cent to match the market trends.
The price hike is due to the increasing costs of commodities and labour which have squeezed the margins for car makers. Also, the depreciating rupee that had increased the cost pressures a few months ago, has regained some ground. But it still remains on the lower side, thus resulting in higher import costs. This is the third price hike across models announced in 2018 but, it will be effective from January 2019.
