Maruti Suzuki to Hike Prices

  Car manufacturers are set to increase prices from January 2015.Companies are raising prices after a long period since weak sales caused companies to keep prices unchanged.   The Reasons behind this price rise are: Sluggish market conditions, rising costs of raw material and, Dollar rate against the rupee (as manufacturers have high imports of material like steel and other alloys).

Maruti Suzuki India (MSI) will also increase prices of its entire lineup from January 2015. The country’s largest automaker has the widest portfolio and will see a hike in the range of 2-4 per cent effective next month.

 Though the market uncertainty remains, all automakers are saying that they can't afford to keep prices unchanged as rising expenses and deep discounts are badly denting profitability.

 R S Kalsi, Executive Director, Marketing and Sales, Maruti Suzuki India (MSI) commenting on the price hike, "We are planning to increase the prices in the range of 2-4 per cent across our entire range of products from January. It was in October 2013 that we had taken our last price hike." 

"We have been absorbing the impact of higher input costs for quite some time now but we did not hike the prices because the market was not doing well," he further added. 

Not only MSIL but all other car manufacturers in the country have also announced that they will increase the prices across the range from January 2015.

So, If you are planning to buy a car, then make your decision fast before prices rise.