SME Times News Bureau | 05 Dec, 2018
Automobile major Maruti Suzuki India on Wednesday said it would raise
prices of various models in January 2019 due to high commodity prices
and foreign exchanges rates.
The increase in prices would vary for different models, the company said in a regulatory filing to the BSE.
"Over
the past year, the cost of company's vehicles has been impacted
adversely due to increase in commodity prices and foreign exchange
rates, etc. Hence, it has become imperative for the Company to pass on
some impact of the above additional cost to customers through a price
increase across various models in January 2019," the filing said.
Shares
of Maruti Suzuki on the BSE settled at Rs 7,559.55 per share, higher by
Rs 165.20 or 2.14 per cent from the previous close.
