Maruti, the country’s largest carmaker is all set to hike prices of its entire range of cars by upto Rs 10,000, depending on the model and the fuel it runs on. The hike will be effective from October 1. Maruti cited rising input costs and the fact that the Indian rupee has depreciated drastically in the past few months as reasons for the price increase. The company had last increased prices by upto Rs 20,000 rupees earlier this year.
Apart from Maruti, Hyundai and General Motors India have also increased prices across the board earlier this month. Toyota have also increased prices of their cars from September 21 and Tata Motors is expected to follow suit as well.