Maruti, Honda hike prices by up to Rs 32k

Maruti Suzuki India (MSI) and Honda Cars India on Wednesday said they have hiked prices of their vehicles across models by up to Rs 32,000.

MSI said in a statement that the increase in prices of its vehicles will range from Rs 1,700 to Rs 17,000, depending on the models.

The price hike is owing to increase in commodity and other administrative and distribution costs and the new rates will be effective from Wednesday.

Similarly, a spokesperson of Honda Cars India confirmed that the company has hiked prices from January 8 for all models made in India.

The increase in prices will range from Rs 6,000 to Rs 32,000 depending on models, the spokesperson said

However, the price of Accord Hybrid model will not be affected.

Tata Motors has already increased prices of its vehicles by up to Rs 25,000 from January 1.

Ford India also said that prices of its vehicles have been raised by up to 4%.