Maruti Suzuki, Hyundai Motors and General Motors set to hike prices of their models

Indian customers would soon have to pay a bit more to get the car model of their choice as popular automobile manufacturers are all set to hike the prices of their products in the market.

Maruti Suzuki, Hyundai Motors and General Motors are likely to increase the prices of their cars in the next couple of weeks.

They are blaming the increasing cost of raw material for this latest price hike.

GMI Vice-President Marketing and Sales Ankush Arora said in a statement on their plans: “We will be hiking prices of our products between 1-2 per cent across all models by January.”

Maruti and Hyundai are also likely to increase the prices of their products by up to Rs. 12,000.

Popularity: 9%