Maruti says raises most vehicle prices

Maruti Udyog has raised prices of most of its vehicle models by 0.2% to 1% due to an increase in freight costs following a rise in oil prices.

India's top car maker, Maruti Udyog Ltd, said on Monday it had raised prices of most of its vehicle models by 0.2 per cent to 1 per cent due to an increase in freight costs following a rise in oil prices.

HT Image

The company, which is 54.2-per cent-owned by Japan's Suzuki Motor Corp, said another price revision may be possible at the end of the year.

"The company has decided to pass on only a part of the impact on increase in freight costs and other input costs to the customers," it said in a statement.

The company did not raise prices of its recently launched Swift compact.