Automobile major Maruti Suzuki India will increase the prices of its entire passenger vehicle range by up to two per cent from January, due to rising input costs.
"The company will go in for an upward price revision by up to 2 per cent due to rising input costs," a company official told IANS here.
Earlier, Tata Motors had said that it will increase the prices of its entire passenger vehicle range by up to Rs 25,000, starting from January to offset the impact of rising input costs.
Another automobile manufacturer Ford India said that it will increase the prices of all its vehicles by up to 4 per cent from January 1, 2018.
In November, the company had reported a 14.1 per cent rise in its monthly sales. According to the company, its total sales including exports during the month under review rose to 154,600 units, from 135,550 units sold during the corresponding month of 2016.
The company's November domestic sales edged higher by 15 per cent to 145,300 units from 126,325 units. However, exports inched-up by 0.8 per cent, with 9,300 units that were shipped out during last month, up from 9,225 units sold abroad in November 2016.
With IANS Inputs