The price hike will affect all models, including recent launches such as the Maruti Fronx and Maruti Jimny
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The price hike will vary for different models and variants.
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Increasing commodity prices and overall inflation have been cited as the reasons for the price hike.
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Maruti’s current lineup includes 17 models sold via the Arena and Nexa showrooms.
It’s a common practice for carmakers to announce price hikes towards the end of a calendar year which become effective from the next year. With 2024 around the corner, Maruti has announced a price hike across the range, effective from January 2024. The price revision will vary for different models and variants.
Reason For The Hike
Maruti has stated that rising commodity prices and overall inflation have resulted in increased input costs, thus leading to the price increment. However, the quantum of the price increase is yet to be announced. For your reference, here’s the current model-wise pricing of Maruti’s existing lineup:
Arena Models
Model |
Price Range |
Maruti Alto K10 |
Rs 3.99 lakh to Rs 5.96 lakh |
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Nexa Models
Model |
Price Range |
Maruti Ignis |
Rs 5.84 lakh to Rs 8.16 lakh |
Maruti’s current lineup comprises a total of 17 models, including both Arena and Nexa offerings. The most affordable model is the Maruti Alto K10, starting at Rs 3.99 lakh, while the priciest is the Invicto, reaching Rs 28.42 lakh.
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More Updates On Maruti’s Future Plans
We recently got an update on Maruti’s new car launch plans, wherein it’s working to introduce 5 new internal combustion engine (ICE) powered cars by 2031. The list includes one new MPV, 2 new hatchbacks and a micro SUV as well.
Read More on : Alto K10 on road price