Maruti Suzuki Hikes Car Prices Citing Rising Input Costs; Shares Decline

The country's largest car maker - Maruti Suzuki - on Monday announced that it will undertake another price hike for its vehicles as the cost has been adversely impacted due to increase in various input costs. This is the fourth price hike Maruti Suzuki has undertaken so far this year. The Gurugram-based company had undertaken first price hike of the year in January and then again increased car prices twice in April.