Maruti car prices to increase from January 1: All you want to know

Car market leader Maruti Suzuki India and home grown Mahindra and Mahindra will increase prices of its vehicles from January 1 to offset the adverse impact of rising input costs.

Over the past year, cost of the company's vehicles have been impacted adversely due to increase in various input costs, Maruti Suzuki India said in a regulatory filing. Mahindra’s car price hike will include both passenger and commercial product line-up.

At present Maruti Suzuki sells a range of vehicles from entry-level small car Alto with price starting at Rs 2.95 lakh to multi-purpose vehicle XL6 priced up to Rs 11.52 lakh (ex-showroom Delhi).

Maruti’s announcement comes at a time when the carmaker is recovering from the lockdown induced disruptions. In November, it had posted a 2.4 percent decline in total domestic passenger vehicle sales at 1,35,775 units as against 1,39,133 in the same month last year. Maruti overall sales, including exports, were at 1,53,223 units as against 1,50,630 in November 2019, a growth of 1.7 percent.

Mahindra & Mahindra reported a 3.62 per cent rise in total sales at 42,731 units in November. The company had sold 41,235 units in the same month last year. In the domestic market, passenger vehicle sales were up 24 per cent to 18,212 units last month compared to 14,637 units in November 2019.