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Old 17th January 2012, 16:10   #1
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Unhappy The 2012 Car Price Hike Thread

Maruti Suzuki has indicated that it will be increasing the prices of its cars in India because of increasing input costs and depreciating value of Rupee against the US Dollar.

The price increased has been made and varies between Rs. 2,400 to Rs. 17,300 across various models.

The minimum hike of Rs 2,400 is done on the SX4 sedan and a maximum of Rs 17,000 on the diesel variant of its Swift hatchback.

The prices of Maruti Swift Dzire have not been revised as the new model of Maruti Swift Dzire 2012 is about to launch in early February 2012.


GM India has also increased product prices by between 0.5% and 1.75% for models including the Spark, Beat, Cruze and Tavera, translating into an increase ranging from Rs 3,000 to Rs 15,000.


Is this a beginning of the price hikes? The buyers may experience the price hikes by other car makers too?

Sources:Cheers!
Irish

Last edited by Irish : 17th January 2012 at 16:22. Reason: Added GM news also
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Old 17th January 2012, 16:56   #2
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

This is definitely not a fair pricing strategy from Maruti. Hiking Swift diesel by another 17,000 will make it super expensive. The Swift is already a overpriced product in my opinion. This clearly shows that the company just wanted to capitalize the demand it has for Swift but compromising on SX4 which is not selling well.
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Old 17th January 2012, 17:01   #3
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

Source - TOI

Maruti, General Motors hike vehicle prices by up to Rs 17,000 - The Times of India

NEW DELHI: Auto majors Maruti & General Motors have increased the prices of various models by up to Rs 17,000 to offset rising input costs and the impact of currency fluctuation.
Maruti India (MSI) has hiked prices of its vehicles across models, except for entry-level sedan DZire, by between 0.3 per cent and 3.4 per cent. This translates into a minimum increase of Rs 2,400 on the SX4 sedan and a maximum of Rs 17,000 on the diesel variant of its Swift hatchback.
When contacted, a spokesperson of MSI said the price hike is effective from Monday.

The company had stated it would hike the prices of its models to offset the impact of rising input costs and foreign exchange fluctuation.
Before the hike, the SX4 sedan was priced between Rs 7 lakh and Rs 9.11 lakh (ex-showroom Delhi), while the Swift diesel was available at prices ranging from Rs 5.27 lakh to Rs 6.47 lakh (ex-showroom Delhi) for different variants.

The company's best-selling Alto model will also become dearer by Rs 4,000 vis-a-vis the current price tag of between Rs 2.32 lakh and Rs 3.31 lakh (ex-showroom, Delhi).
Maruti sells a variety of models, ranging from the M800, which starts at a price of Rs 1.97 lakh, to the top-end Kizashi, which comes with a price tag of Rs 17.5 lakh (ex-showroom, Delhi). The company has not touched the price of the DZire sedan as it will launch a new version next month.

GM India has also increased product prices by between 0.5 per cent and 1.75 per cent for models including the Spark, Beat, Cruze and Tavera, translating into an increase ranging from Rs 3,000 to Rs 15,000.
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Old 17th January 2012, 17:08   #4
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

+1 on that, that make the price of Swift VDI around 7.2 L in Bangalore, way to expensive.Second hike in 3 months
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Old 17th January 2012, 17:08   #5
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

What happens to a sale that has already been invoiced but delivery has not yet happened. Will price hike affect that or since its invoiced it wont?

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Old 17th January 2012, 17:13   #6
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

Quote:
Originally Posted by sahakar View Post
What happens to a sale that has already been invoiced but delivery has not yet happened. Will price hike affect that or since its invoiced it wont?

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If it is already invoiced, then it should not affect. Man This is second hike in less than 3 months for Swift. It is competing with petrol hike now
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Old 17th January 2012, 18:56   #7
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

17 k increase on the Swift , a couple of hikes and the ZDI would touch the 8L mark very soon, this is not right. Why should all the burden be transferred onto those loyal customers waiting from past 4-5 months, they have the money ready, its Maruti who dont have the car for them.

It should have been like the XUV wherein those who booked till a particular date had to pay only 50% of hike, what we see on the swift is "enjoy till it lasts"
Its a great car no doubt but 7.5 L + is too pricey.
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Old 17th January 2012, 20:03   #8
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

How I see it, Maruti is just cashing in on the popularity of the swift diesel. They have much more backlogs than they can manage anyway, and the waiting period remains consistently high, too.

For the record, a major chunk of cost in car manufacture comes from steel, and actually steel prices settled with car majors w.e.f. October 2011 have actually gone down!

I don't know how much the weakened rupee is affecting Maruti - they have the maximum localization of all parts/components!

So honestly I doubt if the prices stand increased on account of "input costs". Just cannot buy this argument.
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Old 17th January 2012, 21:05   #9
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

very bad news, Price hike is across models.

Ritz is raised by 21000 on the Vdi variant more than the Swift's 17000.
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Old 17th January 2012, 21:12   #10
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

Does any one have any idea of how much Ritz Vxi's price is increased by? my colleague plans to by Ritz Petrol (Vxi). Quote which he got on Monday was 5.1LOTR (& 4.8L after discounts).
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Old 17th January 2012, 21:21   #11
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

The ZDI will now touch 8.1 or 8.2 lakhs on-road in bangalore and is about 30-40k less than the Fabia/Punto and i20.

It really isn't fair on Maruti's part to hike the prices by 30k in 3 months, and tax all customers who are waiting from the past few months to get their cars.

Cars like i20/Polo don't seem so expensive or overpriced anymore!
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Old 17th January 2012, 21:37   #12
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

Quote:
Originally Posted by MutantX View Post
Does any one have any idea of how much Ritz Vxi's price is increased by? my colleague plans to by Ritz Petrol (Vxi). Quote which he got on Monday was 5.1LOTR (& 4.8L after discounts).
As far as i remember the old Ritz prices and when i compare them with the new prices, the LXI is increased by 7000 and VXI is increased by 21000 same as the VDi variant in bangalore.
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Old 17th January 2012, 21:40   #13
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

swift hike by 17k while not touching dzire pricing? seems like MSIL is only interested at the business end of it.Wonder how many waiting swift customers will now cancel their orders?
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Old 17th January 2012, 21:57   #14
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

Quote:
Originally Posted by Irish View Post
maximum of Rs 17,000 on the diesel variant of its Swift hatchback
Quote:
Originally Posted by rameshnanda View Post
This is definitely not a fair pricing strategy from Maruti.
After i booked the car, prices have gone up by 27,000! This is atrocious and not a fair pricing strategy from Maruti!

If only we had better competition to teach Maruti a lesson!
Quote:
Originally Posted by coolboy007 View Post
Why should all the burden be transferred onto those loyal customers waiting from past 4-5 months, they have the money ready, its Maruti who dont have the car for them.
Quote:
Originally Posted by aditya116 View Post
Wonder how many waiting swift customers will now cancel their orders?
Not until we get some real competition to the Swift. As of now, Maruti is really enjoying near-monopoly in the segment. I agree there are good products, but the product + brand equation puts swift in huge advantage.
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Old 17th January 2012, 22:02   #15
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Default Re: Maruti Suzuki & GM increases Car Prices - Effective 16th Jan 2012

Im my opinion, the new Swift is the only car from the Maruti stable with decent interiors that justifies a higher price. But it was already overpriced. With this new price hike, I don't think it would be worth buying the new swift and one can start looking at options in Hyundai, Honda Brio etc.

Also, after the refresh, I don't know what draws people to the swift anyway. The rear visibility is poor, the bumper is so big, interior space is not good. The interiors were a good selling point but at this revised price, a potential buyer can afford better options from other manufacturers.

The remaining cars in the maruti stable are not worth the even the existing price if you consider the interiors.
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