Maruti Suzuki to raise car prices from January 1

New Delhi: Maruti Suzuki India Ltd, the nation`s biggest carmaker by sales, plans to raise prices of its cars by up to 20,000 rupees ($300), starting Jan. 1, to offset cost increases and unfavourable foreign exchange rates, a company spokesman said on Thursday.

Maruti`s move comes after its closest rival, Hyundai Motor Co`s Indian unit, said it would raise the price of its cars by up to 30,000 rupees in January.