This will be the third price hike announced by the company since May.
However, unlike the previous two increases, which were applicable across its entire vehicle portfolio, the latest revision will be limited to select models.
In a stock exchange filing, Maruti said the price increase was due to the continuous sustained increase in input costs. However, the company did not share the details of the models.
For the past few months, the company said it has been making continuous efforts to mitigate the cost impact to the extent possible through cost reduction measures.
However, with inflationary burdens at elevated levels and the adverse cost environment enduring, it is constrained to pass on a portion of the increased costs to the market, while continuing to ensure that the impact on customers is kept to the minimum extent possible.
