Maruti Suzuki India Ltd.

Maruti Suzuki has increased prices by Rs 3,000 to Rs 9,000 across products, barring the recently launched S-Cross. The increase became effective from August 11, 2015. The increase comes after a gap of nearly two years. When the company hiked prices in January this year, it was on account of an increase in excise duty.

The latest price increase will help the company report a better profit in Q2FY16. The company has reported 56.50% rise in its net profit at Rs 1192.92 crore for the quarter ended June 30, 2015 as compared to Rs 762.28 crore for the same quarter in the previous year. The company’s total income has increased by 16.55% to Rs 13596.96 crore for the quarter under review from Rs 11666.17 crore for the corresponding quarter of the previous year.