Maruti Suzuki To Increase Car Prices By Up To 4% From January 2025

This price hike will impact a range of Maruti Suzuki's car models as the company seeks to manage the increased cost pressures in the automotive sector

The carmaker stated that it continues to make efforts to "minimise the impact" on customers

Source : Somnath Chatterjee

Maruti Suzuki revealed on Friday that it will implement a price increase of up to 4 per cent on its vehicles, effective January 2025. According to an official filing with the stock exchanges, the automaker cited the need to offset the rising costs of raw materials and other input expenses as the primary reason for this adjustment. 

“In light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from January 2025. The price increase is expected to be up to 4 per cent and will vary depending on the model,” the statement said.

This price hike will impact a range of Maruti Suzuki's car models as the company seeks to manage the increased cost pressures in the automotive sector.

The carmaker stated that it continues to make efforts to "minimise the impact" on customers. However, it acknowledged that "some portion of the increased cost may need to be passed on to the market."

This announcement follows closely on the heels of Hyundai Motor's decision announced on Thursday to raise prices on its vehicles starting in 2025. The company cited increased input and logistics costs as the primary drivers.

The South Korean automaker announced that it will increase prices across its models by up to Rs 25,000, effective from January 1.

"With the sustained increase in input cost, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment. This price increase will be done across models, and the extent of increase will be up to Rs 25000. The price increase will be effective from January 1, 2025, on all MY25 models," Tarun Garg, whole-time director and chief operating officer, HMIL, said.