New Delhi: Maruti Suzuki India has increased the prices of its select models by Rs 1,500 to Rs 5,000 (ex showroom Delhi), country's largest carmaker said on Monday. Company has raised the prices of Vitara Breeza and Baleno by up to Rs 20,000 and Rs 10,000, respectively.
On reasons for the hike, MSI said: “This price revision is based on factors like, segment-wise demand, forex movements and strategic objectives of the company.”
The hike is effective from Monday, it added. The company sells a range of models starting from hatchback Alto 800 to premium crossover S-Cross, priced Rs 2.45 lakh to Rs 12.03 lakh (ex-showroom Delhi). MSI stock on Monday ended at Rs 4,869.80 on BSE, up 2.41 per cent from the previous close.