Maruti hike prices on its selected models

The India’s largest car manufacturer "Maruti Suzuki India" has hiked prices of its selected models by up to Rs. 6,000 on Diwali.

In an officially meeting a spokesperson said that the prices have been increased between Rs. 2,000 to Rs. 6,000.

Here is the list of following models of hike prices:

Model	Hike Prices
M800	Rs. 2,000
Alto	Rs. 2,500
Zen Estilo	Rs. 3,000
WagnoR	Rs. 3,000
Omini Van	Rs. 2,200
SX4	Rs. 6,000
Versa	Rs. 3,500
Gypsy	Rs. 5,500
Swift’s selected variant	Rs. 4,500

The Company registered a Net Sales of Rs. 48,063 million (Net of Excise) during the second quarter (Q2) of fiscal 2008-09. The company had posted Net Sales of Rs. 45,297 million (Net of Excise) over the same period last year. Net sales reflected a growth of 6.1 per cent.

Net Profit for Q2 2008-09 was Rs. 2,961 million, as against Rs. 4,665 million in the same period last year. The reduction in Net Profit has been mainly due to a rise in material costs, adverse impact of currency changes and a higher provision for depreciation, owing to more stringent depreciation norms adopted by the company in March 2008.

First half

Net Sales (Net of Excise) for the first half (H1) of the fiscal (Apr-Sept 2008) were Rs. 95,373 million, a growth of 13 per cent compared to the same period of the previous year. Net Profit for H1 08-09 stood at Rs. 7,620 million, compared to Rs 9,661 million in the same period last year.