Maruti to hike prices by up to Rs 12,000

Maruti Udyog Ltd said on Monday it will hike prices of its products by up to Rs 12,000 next month.

"We have informed our dealers about the planned price hike to be effective from Feb 1, the company's CEO and MD Jagdish Khattar told reporters in New Delhi.

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The price hike will be across most models, he said, without disclosing any details.