Kolkata, Jan 14: Due to spiralling commodity prices, especially of steel and copper, Maruti Suzuki has decided to raise prices of its existing models across segments.
S N Burman, the company's commercial business head for east India, announced the company's plans on Wednesday, Jan 13, on the sidelines of the launch of multi-purpose vehicle (MPV) EECO.
"The price rise will happen in a couple of weeks," he said, after noting that the prices of copper and steel have shot up by almost 50 percent.
Mr Burman did not divulge any details on the quantum of price rise.
When the country"s leading passenger car maker had hiked the prices in Jan 2009, the price rise was about 1 to 2 per cent.