In a regulatory filing, Maruti Suzuki India said, the cost of company’s vehicles has been impacted adversely due to increase in commodity prices and foreign exchange rates.
In a bid to offset adverse impact of increase in commodity prices and foreign exchange rates, Maruti Suzuki India said, it will increase prices of its vehicles across various models from next month.
The exact increase in cost is yet to be specified.
At present, the company is working out the range, a company official said, adding: “The cost of company’s vehicles has been impacted adversely due to increase in commodity prices and foreign exchange rates,” Maruti Suzuki India stated.
“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.”
This price increase shall vary for different models, it added.
At present, Maruti Suzuki sells a range of vehicles starting from entry-level Alto800 to the premium crossover S-Cross priced between Rs 2.53 lakh and Rs 11.45 lakh.