New Delhi
“The hike in car prices is because of increase in commodity, transportation and administrative costs,” it added. The company sells a range of models starting from hatchback Alto 800 to premium crossover S-Cross, priced between Rs 2.45 lakh and Rs 12.03 lakh (ex-showroom Delhi). In August last year, MSI had hiked the prices of its compact SUV Vitara Brezza by Rs 20,000 and that of premium hatchback Baleno by Rs 10,000.
On a select range of models, the price hike was between Rs 1,500 and Rs 5,000. Last year, various car makers like Hyundai Motor India, Mahindra & Mahindra, Nissan, Toyota, Renault, Mercedes-Benz India and Tata Motors had announced hikes in prices of their vehicles from January citing rise in input costs and adverse foreign exchange impact.
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