Maruti, Hyundai, GM hike prices by up to Rs 1.27 lakhNew Delhi: Leading manufacturers Maruti Suzuki, Hyundai and General Motors today hiked car prices by up to Rs 1.27 lakh, within days of the government's withdrawal of excise duty concessions.The carmarkers attributed the price hike
New Delhi: Leading manufacturers Maruti Suzuki, Hyundai and General Motors today hiked car prices by up to Rs 1.27 lakh, within days of the government's withdrawal of excise duty concessions.
The carmarkers attributed the price hike to increased input costs as also to the withdrawal of the duty sops, which were given in February last year and extended till December 31.
The country's largest car maker Maruti Suzuki India (MSI) hiked prices of its vehicles in the range of Rs 7,850 to Rs 31,600, while rival Hyundai hiked prices in the range of Rs 15,000 to Rs 1,27,000, effective January 1, 2015.
General Motors India also hiked prices of various models in the range of Rs 15,000 to Rs 61,000.
The increased prices after revision of central excise duty with effect from January 1, 2015 across all models ranges between Rs 7,850 on Omni van to Rs 31,600 on mid-sized sedan Ciaz, said an MSI official.
Under the revised prices, the popular entry level car Alto 800 will be dearer by Rs 8,500 to Rs 12,700. Before the hike the model was priced between Rs 2.37 lakh and Rs 3.52 lakh (all prices ex-showroom Delhi).
Another popular model WagonR from will see an increase ranging from Rs 12,500 to Rs 15,700 from its current tag of Rs 3.48 lakh to Rs 4.35 lakh.
Maruti's premium compact car Swift will cost Rs 15,850 to Rs 25,150 more now from the current price of Rs 4.42 lakh to Rs 6.95 lakh.
Likewise, popular compact sedan Dzire will see an increase from Rs 17,500 to Rs 26,650 from the current price of Rs 4.85 lakh to Rs 7.32 lakh.
The car market leader said its new compact model Celerio will see an increase of Rs 13,600 to Rs 17,200 from the existing price tag of Rs 3.76 lakh to Rs 4.78 lakh.
Maruti's latest model Ciaz will cost Rs 22,450 to Rs 31,600 more from the current price of Rs 6.99 lakh to Rs 9.80 lakh, while the price of its multi-purpose vehicle Ertiga has been hiked by Rs 18,750 to Rs 27,750 from its previous price of Rs 5.8 lakh to Rs 8.49 lakh.