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. The company cited the Middle East war as the reason for higher commodity prices. These increased costs have wiped out gains from last year’s consumption tax cuts. Maruti Suzuki made the announcement in a statement. The firm did not provide further details on the timing or extent of the price increases.