The recent worldwide economic crisis as we know, has had a severe impact on Automobile manufacturers. So severe that, Market leaders like Maruti have been forced to hike the prices of select models, before Diwali - during when they normally offer discounts! The rising steel prices has taken its toll on all car makers worldwide. So far, all companies had been trying to isolate the customer from the steel crisis, but now after suffering huge losses, it has become quite inevitable for manufacturers (after considering lot other options) to raise the cost of cars.
Maruti has just said that, the hike would vary from Rs.2,000 to Rs.6,000 with immediate effect.
List of Maruti cars and corresponding increase in their prices.
Maruti 800 - Rs 2,000
Alto - Rs 2,500
Zen Estilo & Wagon R - Rs 2,200
Omni - Rs 2,200
Versa - Rs 3,500
Swift - Rs 4,500
Gypsy - Rs 5,500
Dzire - -No change-
SX4 - Rs 6,000
The company has recorded a 36.52% plunge in net profits this September at Rs 296.1 crores against Rs 466.5 crores set last year in the same period.