December 5, 2018 / 7:17 AM / 11 days ago

Maruti Suzuki India to hike prices to combat higher costs

The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom in New Delhi, February 29, 2016. REUTERS/Anindito Mukherjee/File Photo

(Reuters) - Maruti Suzuki India Ltd will raise prices across various car models next month to mitigate the impact of high commodity prices and foreign exchange rates, the automaker said on Wednesday.

"It has become imperative for the company to pass on some impact of the ... additional cost to customers through a price increase across various models in January 2019," the company said in a statement here

The price increase will vary for different models, the company said.

Reporting by Chris Thomas in Bengaluru; Editing by Subhranshu Sahu

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