January 15, 2013 / 9:43 AM / 5 years ago

Maruti to raise car prices by up to 20,000 rupees

A worker unloads an A-Star car from a container at a Maruti Suzuki stockyard on the outskirts of Jammu 23, 2012. REUTERS/Mukesh Gupta/Files

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

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