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)
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India's annual consumer price inflation edged up to a 17-month high of 5.69 percent in January, driven up by higher food costs, government data showed on Friday. Full Article