Maruti Suzuki to hike prices from January

Firm cites adverse forex impact

Published - December 05, 2018 10:37 pm IST - NEW DELHI

The country’s largest carmaker Maruti Suzuki India on Wednesday said it will increase prices of its vehicles across models from next month on account of rise in commodity prices and adverse impact of foreign exchange rates.

The company, however, did not disclose the quantum of the hike and is still in the process of working it out. “The cost of company’s vehicles has been impacted adversely due to the increase in commodity prices and foreign exchange rates,” the carmaker said in a regulatory filing. “Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase across various models in January 2019,” it added.

Earlier, in August, citing an increase in commodity and distribution costs and adverse foreign exchange rates, the company had increased vehicle prices by up to ₹6,100 across models.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.