Maruti Suzuki raises prices of most car models: Official

Maruti Suzuki India's largest carmaker, has increased prices by up to 2.4% across all but one model from January 17, a company official said on Friday.

Price increases were between Rs 1,000-10,000 (USD 22 to USD 220), the official said, adding that there was no increase in the price of their Alto K10 variant.

Maruti cars are priced between USD 4,400 and USD 18,400.

Automakers are raising prices to counter increasing input costs, mainly those of steel and rubber. Mahindra & Mahindra and Tata Motors, maker of the world's cheapest car, said this month they would raise prices.

Auto sales in India grew a record 31% in 2010 driven by a burgeoning middle class in Asia's third-largest economy, but pace of growth is expected to slow this year.