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Maruti to hike prices by Rs 12,000

Our Bureau

New Delhi, Jan. 29

Car market leader Maruti Udyog Ltd on Monday said that it plans to increase prices across almost all its models from February. The carmaker will increase prices by as much as Rs 12,000 on some models, said Mr Jagdish Khattar, Managing Director, Maruti Udyog. "This time we are passing on very little of the rise in input costs to our customers," Mr Khattar said.

He also indicated that the company has stopped producing the Baleno sedan and it will sell a new model in its place. He did not, however, give any timeframe for the launch of the new model.

More Stories on : Announcements | Cars | Maruti Udyog Ltd

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