Maruti Suzuki India's shares fall as much as 3.3 per cent to Rs 6,400.15 , its biggest intraday loss in over 4 weeks.
The automaker hinted at price increases across all variants of its Dzire cars, one of its top-selling models. The news comes at a time when Indian automakers are seeing a general slowdown in demand. Auto companies, including Maruti and Hero Motocorp, have cut production as inventories lay unsold
The car maker’s rival Tata Motors shares were also down over 2 per cent, dragging the Nifty auto index down 1.5 per cent.
Maruti shares were down 11.4 per cent this year as of last close.