Isuzu to hike vehicle prices by up to Rs 1 lakh from January

New Delhi: Utility vehicle maker Isuzu Motors India Tuesday said it will hike prices of vehicles by up to Rs 1 lakh from January to offset increasing input and distribution costs.

The prices of D-MAX pick-ups and mu-X SUV will be increased with effect from January 1, 2019, Isuzu Motors India said in a statement.

The price increase is expected to be 1-2 percent for the commercial range D-MAX regular cab and D-MAX S-CAB, and 3-4 percent for lifestyle and adventure pick-up, D-MAX V-Cross and mu-X SUV, it added.

"The price increase will be in the range of Rs 15,000 to Rs 1 lakh, across models and variants," the company said.

The increase in price is due to rising input and distribution costs, it added.

At present, the company's vehicles are available at a price range of around Rs 7.28 lakh to Rs 28.3 lakh (ex-showroom Delhi).

Last month, Toyota Kirloskar Motor had announced that it would increase prices of vehicles across models by up to 4 percent from January 1, 2019, to offset increasing manufacturing costs due to rupee depreciation.