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Maruti hikes prices of all its models, hike ranges from Rs 1,500 to Rs 15,000

10-January-2006
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Maruti hikes prices of all its models, hike ranges from Rs 1,500 to Rs 15,000

The year has not started on a happy note for those planning to buy a four-wheeler. Maruti Udyog Ltd has increased the prices of all its models with effect from January 09, 2006. The price hike varies from Rs 1500 for the Omni E van to Rs 15,000 for the Grand Vitara SUV.

Maruti had hiked the prices of its various models in October 2005 as well as following an increase in input costs and freight costs, which went up following the rise in oil prices.

The auto major had decided to pass on only a part of the impact of increase in freight costs and other input costs to the customers then and had indicated that another price revision might be undertaken in early 2006.

The company posted a growth of around 9.4 per cent in total vehicle sales from April 2005 to December 2005. Apart from Swift, which was launched six months back, Wagon R and Alto are the two models that did exceedingly well in 2005.

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