Maruti hikes prices of cars by up to Rs.17,000

Gurgaon, Mar.25 (ANI): Maruti Suzuki India (MSI) has increased the prices of its vehicles by up to Rs.17,000 following an excise duty hike in the budget proposals for 2012-13.

The increase in prices will affect the company's models ranging from the Maruti 800 to mid-sized sedan SX4.

"There has been an average increase in prices of our vehicles by 1.75 per cent after the budget," Maruti's Managing Executive Officer, (Marketing and Sales) Mayank Pareek said.

he Alto will cost between Rs.4,200 and Rs.5,900 more. It is currently priced at between Rs.2.4 lakh to Rs.3.42 lakh (ex-showroom Delhi).

The price of Alto K10 will rise to between Rs.5,500 and Rs.5,700. It is currently priced at between Rs.3.14 lakh and Rs.3.30 lakh (ex-showroom Delhi).

The Wagon R will now be dearer by Rs.6,000 to Rs.7,600. It is currently priced at between Rs.3.47 lakh and Rs.4.37 lakh (ex-showroom Delhi).

The premium hatchback Swift will now cost Rs.7,700 to Rs.11,900 more depending on variants. It is priced between Rs.4.44 lakh and Rs.6.76 lakh (ex-showroom Delhi).

The newly launched Swift Dzire will be more expensive by Rs.8,500 to Rs.12,700. It is priced at Rs.4.8 lakh and Rs. 7.51 lakh (ex-showroom Delhi).

The mid-sized sedan SX4 will now cost Rs.9,400 to Rs.17,000 more. It's prices range from Rs.7.11 lakh to Rs. 9.39 lakh (ex-showroom Delhi).

In the Budget 2012-13, excise duty has been raised to 12 per cent from 10 per cent. (ANI)