Maruti Suzuki is currently on a price hike with its different models. A price hike of Rs 20,000 is expected to receive negative reviews from the public.
The most notable model that has a very significant price hike is the Vitara Brezza, with a staggering Rs 20,000 increase. However, this is made justifiable with the new premium hatchback Baleno that is increased by half of the Brezza's price, of Rs 10,000.
The standard price hike that will have an effect on the other models will be roughly in the span of Rs 1,500 to Rs 5,000. This is confirmed by Maruti Suzuki India in the recent regulatory filing.
said in a public statement: "This price revision is based on factors like segment-wise demand, forex movements and strategic objectives of the company." The company also added that the price increase will be effective as of today.
The Alto 800 and the S-Cross will also be affected by this drastic price increase, as these are the main and two of the most popular models of Maruti Suzuki.
The stock price of Maruti Suzuki is now at Rs 4,869.80 on BSE. Surprisingly, it has increased by 2.41 per cent from its previous statistic.
This is because of the 12.7 percent increase in the number of sales that the company has experienced for the month of July. The sales have increased because of the newly launched Vitara Brezza. This has risen to a whopping 137,116 units from the 121,712 units in the span of one year.
In the meantime, the number of sales of the mini segment vehicles which includes that Alto and the WagonR have decreased by 72 percent. This has dropped to 35,051 units from the 37,752 units from the previous year.
One of its best selling models, the compact sedan Dzire Tour declined by 9.2 per cent and stood at 3,059 units as against 3,370 units in July 2015.