Maruti Suzuki India Ltd aims to cut costs and improve productivity to offset a rise in metal prices, its chief executive said on Wednesday.
“Prices of not only steel but aluminium, copper are rising and it is hurting car makers,” Shinzo Nakanishi told reporters after launching a new car model, the Swift Dzire.
The car will be priced at between Rs 449,000 and Rs 590,000 ($11,197-$14,713) for petrol versions and between Rs 539,000 and Rs 670,000 for diesel variants.
Maruti, which has nearly half the Indian market with such popular models as the Alto and the Swift hatchback, is 54.2% owned by Suzuki Motor Corp.