Maruti Suzuki to hike prices across 7 models, Grand Vitara set to cost more by Rs 62,000

Maruti Suzuki Grand Vitara

Maruti Suzuki on April 2 announced that it is hiking the prices of its select car models from April 8. Grand Vitara will face the biggest price hike of up to Rs 62,000. The price of its popular SUV model currently starts from Rs 11.19 lakh.

"While the company is committed to optimise costs and reduce the impact on its customers, the company is constrained to pass on some of the increased expenses to the market," the automaker said in its exchange filing.

Other car models which will see a rise in their ex-showroom prices include Eeco (up to Rs 22,500), Wagon-R (up to Rs 14,000), Ertiga (up to Rs 12,500), XL6 (up to Rs 12,500), Dzire Tour S (up to Rs 3,000) and Fronx (up to Rs 2,500).

Notably, its peer automakers Mahindra & Mahindra, Tata Motors and others have also recently announced price hikes.

Maruti Suzuki on April 1 reported a marginal increase of 3 percent in its sales to 1,92,984 units in March. The car maker sold 1,87,196 units in the same month a year ago. However, the monthly sales fell 3.2 percent from the 1,99,400 units in February.