Maruti Suzuki Baleno and Vitara Brezza SUV prices hiked by Rs. 20,000.
India’s largest car maker has increased prices of all its popular models in the range of Rs. 4000-Rs. 20,000.
The company revealed in a letter to the Bombay Stock Exchange has revealed that the company has hiked the prices attributed to segment wise demand, forex movements and strategic objectives of the company.
Effective from 1st August 2016 the Vitara Brezza, Baleno, Ciaz, Ertiga, Swift, Swift Dzire, and Wagon R prices have increased.
The Vitara Brezza which commands a waiting period of 6-9 months has seen the highest price hike I tune of Rs. 12,000-20,000. The Vitara Brezza price range now starts at Rs. 7.19 lakhs and goes upto Rs. 9.88 lakhs.
The Baleno premium hatchback prices are gone up in the range of Rs. 3000-Rs. 10000.The Baleno now starts at Rs. 5.25 for the base petrol and goes upto Rs. 8.35 lakhs for top Alpha diesel variant.
Wagon R prices are increased by Rs. 1,500, Ciaz by Rs. 5000, Swift hatchback and Swift Dzire by Rs. 4000.
Both the Maruti Suzuki Vitara Brezza and Baleno have helped MSIL record highest ever sales in the domestic market selling 125,778 units in India.
Maruti will launch a sporty Baleno RS variant with Booster Jet 1.0 petrol engine. The concept was showcased at the 2016 Auto Expo. The Vitara Brezza is also reported to a petrol variant in 2017 and will most likely be powered by 1.0 Boosterjet engine.
The festive season is just around the corner and Maruti may use this price hike to offer huge discounts on not so selling models.