India's Maruti plans to hike car prices in April

Newswire

NEW DELHI, March 21 (Reuters) - Maruti Udyog Ltd, India's largest carmaker, plans to hike prices to offset higher raw material costs, mainly steel, a company official said on Sunday. "The price rise will happen early next month," the official, who declined to be named, told Reuters. "It will be across all models." The official did not reveal the extent of the planned hike, but said rising costs of steel and other raw materials had forced the company to take this action. New Delhi-based ...

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