Maruti Suzuki to increase the price of its vehicles
The new cost will be effective from January 2023
The hike would be different across models
Maruti is yet to reveal the new prices
Inflation and recent regulatory requirements have caused the spike
Maruti holds about 40 per cent market share in India’s passenger vehicle market
India’s annual retail inflation rate eased to 6.77 per cent in October
However, it is still above the 6 per cent upper limit of the Reserve Bank of India
