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Honda, Maruti to raise car prices

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Honda Motor and Maruti Suzuki India will raise the price of their cars. Honda Motor will raise the price of its three most popular cars in India 2.6 per cent from October 1 due to rising input costs, high inflation and the impact of a recent raise in diesel prices. Country's largest car maker Maruti Suzuki India will raise prices within a week to offset impact of adverse foreign exchange fluctuation and rising input costs, it said.

India's monthly car sales fell in August for the first time in ten months, as a gloomy economic outlook and high interest rates dampened demand.