India’s largest carmaker, Maruti Suzuki India Ltd on Tuesday raised prices of all its cars barring the entry-level sedan, Dzire, by Rs 2,400-17,000.
Maruti had warned of the price hike last month. Its shares gained 10.48% on the Bombay Stock Exchange at Rs 1,109.95.
“The prices have been raised to offset the impact of rising input costs and adverse foreign exchange fluctuation in the last six months,” the company said. The Dzire was left untouched as Maruti is set to launch a new smaller version next month.