Maruti Suzuki, Tata to hike prices from April

In order to offset the impact of rising input costs, the automobile giants — Maruti Suzuki India and Tata Motors – have announced to hike vehicle prices by up to 4 per cent and 2 per cent, respectively, from April.

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In a regulatory filing on Monday, Maruti, the country’s largest carmaker said in light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from April.

Models ranging from the entry-level Alto K-10 to a multiple purpose vehicle Invicto in the domestic market, Maruti had also increased prices by up to Rs 32,500 across various models from February 1.

While Tata Motors shares closed 0.84 per cent up at Rs 660.90 a piece on BSE, the shares or Maruti Suzuki India traded 0.61 per cent up at Rs 11,578.50 a piece on BSE on Monday.