Maruti Suzuki India Ltd announced Monday an upcoming price increase for select of up to ₹20,000.
The automaker attributes the price hike that is set to take effect this month to a continuous and sustained rise in input costs.
The company cited elevated inflationary burdens and an enduring adverse cost environment as reasons for passing on a portion of the increased costs to the market.
Maruti Suzuki shares closed 0.5% higher at ₹12,768 in Monday's regular session.