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.