MUMBAI (Commodity Online): Due to high input cost and rupee depreciation, India's leading passenger car manufacturerr, Maruti Suzuki India Limited (MSIL) (BSE : MARUTI : 532500, NSE : MARUTI), has raised the prices of all vehicle models by 0.3-3%.
The fall in Indian rupee has increased the cost of importing spare parts from other countries. This in turn affected the income of the company.
The Indian Rupee had depreciated sharply by about 19% in 2011 and even fell to a record low of 54.30 against the US dollar on December 15.
Presently, the rupee strengthened by 32 paise to 51.05 per dollar.
On Bombay Stock Exchange (BSE), the shares of the company has jumped to 10.48% to Rs 1,109.95 on reports of price hike on 17th January.
