India’s Maruti Suzuki warns of price hikes as Gulf war raises costs
India’s top carmaker, Maruti Suzuki, said on Wednesday that it will likely raise prices as the Middle East war has pushed up commodity prices, wiping out gains from last year’s consumption tax cuts. The Iran war has driven up the prices of everything from oil and gas to key metals used in manufacturing vehicles. The carmaker, majority-owned by Japan’s Suzuki Motor, said it has not faced any supply disruptions, but acknowledged potential disruptions in the future. “We will be taking a call, but unfortunately the commodity prices are going very high, we need to pass it on, so we will