Maruti Suzuki zooms 6% on car price hike

Maruti Suzuki has rallied 6% to Rs 1,063 on reports that the company has raised prices of all its vehicles by 0.3-3.4% due to high input costs and rupee depreciation.

“India's top carmaker, has raised prices of all its vehicles by 0.3-3.4 percent due to adverse foreign exchange movements and a rise in commodity prices,” a Reuters report suggests.

A combined 824,642 shares have changed hands on the counter till 1118 hours on the NSE and BSE.