Maruti Suzuki cars to become costlier from next month
What's the story
Maruti Suzuki has announced a price hike for its vehicles, effective from April 1, 2025.
The increase, which may go up to 4%, is due to rising raw material and operational costs. The exact amount of the hike will depend on the specific vehicle model.
Despite ongoing efforts to optimize expenses and minimize customer impact, some of these increased costs have to be passed onto customers, the company said.
Market response
Maruti Suzuki's stock reacts to price hike announcement
After the announcement of the price hike, Maruti Suzuki's shares gained nearly 2% in early trading on BSE. The company's stock was seen trading at ₹11,737 apiece.
This hike comes after a similar 4% increase announced in December last year and implemented in January.
In February, several models also witnessed price hikes ranging from ₹1,500 to ₹32,500 due to various factors affecting Indian automakers.
Cost pressures
Factors influencing price hikes
The Indian automotive industry is already dealing with multiple cost pressures.
These include rising global commodity costs, high import duties on raw materials, as well as supply chain disruptions.
All these factors have resulted in a series of price hikes among Indian automakers.
Despite these challenges, companies like Maruti Suzuki continue to work toward cost optimization while minimizing the burden on their customers.