Maruti Suzuki India is planning to increase the prices of all its cars from January 2016 including the newly launched Baleno hatchback. The increase will vary model-wise, and the maximum increase will be up to Rs 20,000.
Though there is no official statement yet from the company about the price hike, our sources reveal that it is due to rising input costs and weaking Rupee value against US dollar.
Maruti Suzuki India isn't the only manufacturer that will increase its car prices, Hyundai and Toyota too have decided to hike prices of all their models. While Hyundai has announced to increse its car prices up to Rs 30,000, Toyota cars will get pricier by up to 3 per cent from January 1, 2015.
Though there is no model-wise breakup of the price hike as of now, the S-Cross, being the most expensive car in the portfolio, is likely to receive the maximum hike of Rs 20,000.