At the end of January, Suzuki’s India subsidiary Maruti Suzuki announced that it was raising its domestic new car prices. Maruti Suzuki holds the top share in the Indian market.
The new pricing applies to the company’s entire lineup. It will raise prices 1,500 to 8,014 rupees (about 2,400 to 13,000 yen) depending on the model.
The company said in a statement, “The hike in car prices is because of increase in commodity, transportation and administrative costs.”
Toyota and Honda, the other Japanese automakers in India, started by increasing
Maruti’s price hike follows those of Toyota and Honda, Japan’s other two automakers in India. Both companies raised their prices in December.
Written by Minoru Moriwaki
(Translated by Greg Scott)