Reuters
Gurgaon/Mumbai, Jun 19: The country's top car maker, Maruti Udyog Ltd, said it would take a decision in about a week on raising prices of its vehicles on account of rising costs of raw materials.
"Costs of inputs, including certain commodities and fuels, have gone up significantly in the recent past," a spokesman for Maruti said in a statement.
"However, we're watching the situation before we decide to hike prices of our cars," he said.
Maruti - 54.2 per cent owned by Japan's Suzuki Motor Corp - will close its manufacturing operations for a week for bi-annual maintenance from June 19 to 24, the spokesman said.
A decision on increasing prices can be taken only after that.