The country's largest car maker Maruti Suzuki plans to increase the prices of its cars in January 2024, on account of increased cost pressure driven by overall inflation and increased commodity prices.
The country's largest carmaker said in a notification to exchanges that "While the company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market.
The price increase shall vary across models, the notification further stated.
In January 2023, the company had said that it hiked prices of its vehicles across models by about 1.1 percent.
Audi India has also announced a price increase of up to 2% across its model range due to rising input and operational costs, today. The price hike will be effective from January 1, 2024.