Maruti Suzuki India Wednesday said it will increase prices of its vehicles across various models from next month to offset adverse impact of increase in commodity prices and foreign exchange rates.
The company, however, did not specify by how much the prices of its vehicles would increase.
At present, the company is working out the range, a company official said.
"The cost of company's vehicles has been impacted adversely due to increase in commodity prices and foreign exchange rates," Maruti Suzuki India said in a regulatory filing.
It further said, "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."
At present, Maruti Suzuki sells a range of vehicles starting from entry-level Alto800 to the premium crossover S-Cross priced between Rs 2.53 lakh and Rs 11.45 lakh.