New Delhi: Country's largest carmaker Maruti Suzuki India on Monday hiked prices of its various models by up to Rs 20,000.


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The increase in price for the newly launched compact SUV Vitara Brezza will be Rs 20,000 while that of new premium hatchback Baleno is Rs 10,000.


On a select range, the price hike will be between Rs 1,500 and Rs 5,000, Maruti Suzuki India (MSI) said in a regulatory filing.


On reasons for the hike, MSI said: "This price revision is based on factors like, segment-wise demand, forex movements and strategic objectives of the company."


The hike is effective from today, it added.


The company sells a range of models starting from hatchback Alto 800 to premium crossover S-Cross, priced Rs 2.45 lakh to Rs 12.03 lakh (ex-showroom Delhi).


MSI stock today ended at Rs 4,869.80 on BSE, up 2.41 per cent from the previous close.