Maruti to increase car prices from Jan as raw material gets costlier

Raw material prices like steel,aluminium, copper and rubber are increasing with the full impact of cumulative increases to be felt in Q3 and Q4 of this financial year

India’s largest carmaker Maruti Suzuki announced this week that it would increase prices of its vehicles from January.

However, the price rise could be more this time as the cost of raw materials has increased significantly.

"Over the past year, the cost of the company's vehicles has been impacted adversely due to increase in various input costs.  Hence, it has become imperative for the company to pass on some impact of the above additional cost to customers through a price increase in January 2021," the company said.

The price hike will vary across models. Maruti’s fleet starts from the entry-level small car Alto