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Indian top carmaker Maruti Suzuki said on Friday it planned to increase the price of its vehicles in January, prompted by continued cost pressure due to inflation and recent regulatory requirements.
"While the company makes maximum effort to reduce cost and partially offset the increase, it has become imperative to pass on some of the impact through a price increase," the company said in a statement, adding that the hike would vary across models.
Maruti did not say how much it planned to raise prices by.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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