Maruti Suzuki to Raise Car Prices From January 1

NEW DELHI: Maruti Suzuki India, the nation's biggest carmaker by sales, plans to raise prices of its cars by up to Rs 20,000, starting January 1, to offset cost increases and unfavourable foreign exchange rates, a company spokesman said on Thursday.

Maruti's move comes after its closest rival, Hyundai Motor's Indian unit, said it would raise the price of its cars by up to Rs 30,000 in January.