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Maruti considering 3% price hike

India's largest carmaker Maruti Udyog Ltd is considering a three per cent across the board increase in prices. The price hike is likely to be effective by month-end.

In all likelihood, the price hike would go up to three per cent in three weeks time, informed sources said.

When contacted, Maruti officials confirmed the move but said, "the extent of the (price) increase is being worked out."

A three per cent hike would amount to an increase of almost Rs 6,530 over the ex-showroom price of Maruti 800 Standard, Rs 8,970 over that of Alto LX, and Rs 10,226 of WagonR LX.

MUL, which reduced the prices immediately after the Budget, had increased them in May this year.

Traditionally, car sales pick up in the months of January, February and March, therefore, the decision to increase the prices of all the models of Maruti could not have been better timed, industry observers said.

Other car manufacturers might follow suit as in all likelihood car market would pick up during January-March next year, industry sources said.

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