Maruti Suzuki India Ltd.

In bid to counterbalance the pressure of unexpected currency fluctuation, Maruti Suzuki India (MSI) has raised car prices by up to Rs 20,000 from January 16, 2013.

In December 2012, the company announced the aforementioned price rise as Q2FY13 had witnessed adverse foreign exchange movement which had an overall impact of Rs 350 crore on the company.

The country’s largest carmaker has reported 3.2% increase in total sales for December at 95,145 units as against 92,161 units in the same month last year. The domestic sales of the company during the month stood at 82,073 units, up by 5.9% compared to 77,475 units in December last year.