Maruti Suzuki to raise car prices from October 1

Maruti Suzuki will be increasing its vehicle prices from Rs.3,000-10,000, depending on the model and type of fuel the vehicle uses, from October 1. The company had last increased prices by up to Rs.20,000 earlier this year. Related: Maruti to hike car prices by up to Rs 20,000 from January 16

Reasons cited for the price increase are rising input costs and the depreciating Indian rupee. "We have been wanting to raise the price for some time as our input costs went up severely, mainly on account of weakening of rupee. However, the market was not conducive. Now it has become inevitable," said Mayank Pareek, COO (Marketing and Sales) Maruti Suzuki.

Hyundai, General Motors and Toyota have also increased prices across their model range earlier this month. Tata Motors is likely to follow suit with an expected price hike of 1-1.5 per cent.