New Delhi: Maruti Suzuki India Ltd, the country's biggest car-maker, will increase prices of its cars across all models by up to Rs 12,000 from next month to offset the rise in input costs and freight charges.
According to dealer sources, the company has cited higher costs of raw materials such as lead and aluminium as well as oil among the reasons for increasing the vehicle prices.
Sources said Maruti has written to its dealers across the country that the prices will be increased from January 2008. Further, the company's production facilities will be shut down for maintenance activities during December 24-31 and the dealers have been asked to plan their bookings accordingly.
Maruti officials declined to comment on the issue.
Sources also said MSIL has told its dealers that the higher prices would be applicable on dispatches of vehicles from the date of announcement of the price hike and there would not be any price protection for pending orders at the
company level.
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