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India's Maruti Suzuki to raise vehicle prices

Source : REUTERS
Last Updated: Wed, Jan 16, 2013 18:50 hrs

Jan 15 (Reuters) - Maruti Suzuki Ltd will raise its vehicle prices by up to 20,000 rupees ($370), a company spokesman said, the second hike in four months as India's biggest car manufacturer grapples with rising costs and a weak rupee.

Many carmakers in India, including the local units of General Motors Co and Hyundai Motor Co, have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins. ($1 = 54.4575 rupees) (Reporting by Henry Foy in Mumbai; Editing by Anand Basu)



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