Maruti Suzuki has said that the increase in various input costs has adversely affected vehicle cost, and the company has decided to pass on some impact of the additional cost to its customers through a price increase across various models.
Maruti Suzuki India, the country's largest car manufacturer, will be increasing car prices from January 1, 2020. In the company's BSE filing, Maruti Suzuki has said that the increase in various input costs has adversely affected the cost of its vehicle. Therefore, the company has decided to pass on some impact of the additional cost to its customers through a price increase across various models. The price hike will happen across the company's model range and the amount will vary for different models, however, it's yet to decide on the quantum of the price hike.