Maruti Suzuki weighs price hike as commodity costs surge, demand stays strong

Maruti Suzuki may increase vehicle prices soon. Rising commodity costs, especially precious metals, are pushing up expenses. The company is trying to absorb these costs through efficiencies. However, sustained pressure might lead to price hikes for consumers. Maruti Suzuki has a large order backlog and is working to increase production capacity. The e Vitara will launch this month.