Maruti Suzuki India Ltd.

Maruti Suzuki, country's largest carmaker has raised prices of its diesel models by Rs 2,000 to Rs 10,000 as a result of rising costs of many raw materials, which injured carmakers' margins in India. It has raised the price for Ritz hatchback by Rs 2,000, while for other models, prices were raised by Rs 10,000. This move will further hurt the demand of car, which is already hit by high interest rates and fuel prices.

Car market leader - Maruti Suzuki (India) sold a total of 55,595 vehicles, down by 53.20% as compared to 118,908 vehicles in October 2010. This includes 4,137 units of exports during the month.

The sales in A-Passenger Vehicles segment dropped by 55.10% to 41,192 units and the sales in C-segment registered a fall of 35% while, the sales in B-segment tumbled by 36%.