Maruti Suzuki India , has increased the prices up to Rs 8,000, except for its compact car Alto K10, due to increase in input cost pressure. Maruti Suzuki raised prices across all models upto 2.2% , which will cost between Rs 1,000 and Rs 8,000. The changes will be effective from Monday.
Price of natural rubber which used to be Rs 100, has gone up to Rs 200 per kg ,Copper price has increased upto 15% and steel has also been increased. Material cost amounts to 80% of the cost of production of a car. The cost of consumption of raw materials and components had gone up to Rs 6,938.9 crore during the quarter from the earlier Rs 5,254.9 crore.
Tata Motors also increased prices from January. Mahindra & Mahindra, General Motors has indicated that too, while Volkswagen has increased the price of its car Polo, by 2.9% with effect from this month.
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