Maruti Suzuki India Ltd.

In a bid to offset the impact of rupee depreciation, Maruti Suzuki India, the country’s largest car maker is planning to increase prices of its entire product from next week. It is expected that the company will raise the prices by 2-3 percent.

Rupee depreciation is putting severe pressure on companies that import a substantial amount of components from overseas. The domestic currency was being quoted at Rs 52.89 per US dollar in morning trade on the Interbank Foreign Exchange on January 5, 2012.

In November, the company hiked the prices of its diesel cars by up to Rs 10,000 on account of higher input costs and appreciation of the Japanese yen. It raised the prices of diesel versions of compact cars Ritz and Swift, and sedans DZiRE and SX4.

The company sold a total of 92,161 vehicles in the month of December 2011, down by 7.10% as compared to 99,225 vehicles in December 2010. This includes 14,686 units of exports during the month.