REUTERS - Maruti Suzuki(MRTI.NS) will raise its car prices by up to 20,000 rupees, a company spokesman said, the second hike in four months as India's biggest car manufacturer grapples with rising costs and a weak rupee.
Many carmakers in India, including the local units of General Motors Co (GM.N) and Hyundai Motor Co, have hiked prices in recent months despite a slowdown in car sales, as rising costs threaten margins.
(Reporting by Henry Foy in Mumbai; Editing by Anand Basu)
Trending On Reuters
Indian stock markets fell more than 2 percent on Friday and closed at their lowest levels in over a year on weak global cues amid caution ahead of a key U.S. jobs report due later in the day. Full Article