"The increase in prices of commodities adversely impacted the operating profit. The company was forced to increase prices of vehicles to partially offset this impact," Maruti said in a statement. Maruti, which sells every second car in India and is majority-owned by Japan's Suzuki Motor Corp (7269.T), increased prices six times from January 2021 to June 2022, while cutting back on discounts as demand rebounded from pandemic lows. Maruti's shares rose as much as 2.1 per cent after it reported its quarterly results. The carmaker reported sales of 467,931 vehicles for the June quarter, up 32.3 per cent from the same period a year ago. However, sales could have been higher if not for a semiconductor shortage that resulted in 51,000 vehicles not being produced, Maruti said. This took its total order backlog to 280,000 vehicles at the end of the quarter.