Maruti Suzuki plans to implement these price increases beginning in January 2025. The increase will affect the prices of its cars. Maruti Suzuki, India's largest automaker announced a price hike of its vehicles due to increasing input costs and operational expenses. The company will raise car prices up to 4% starting January 2025. The price increases will vary by model. This action is necessary to offset rising costs, though the company is working to minimise the impact on customers, the company stated.
“In light of rising input costs and operational expenses, the Company has planned to increase the prices of its cars from January, 2025,” the company added.
Maruti Suzuki plans to implement these price increases beginning in January 2025. The increase will affect the prices of its cars. The percentage increase will be up to 4%, varying depending on the specific model.
Other OEMs who have announced price revision
Maruti Suzuki joins other auto OEMs in announcing their price revision from January 2025. Hyundai India, Audi, BMW, Mercedes Benz India, and Nissan have earlier announced their vehicle price hike attributing to increasing commodity and operational costs.
| Company name |
Price hike (percentage/amount) |
| Hyundai India |
up to INR 25,000 |
| Nissan |
2% |
| BMW |
3% |
| Mercedes Benz India |
3% |
| Audi |
3% |
“While the company continuously strives to optimise costs and minimise the impact on its customers, some portion of the increased cost may need to be passed on to the market,” Maruti Suzuki added.
Maruti Suzuki's sales performance
Maruti Suzuki India reported a 10% year-on-year increase in total sales for November 2024, reaching 181,531 units compared to 164,439 units in November 2023. This growth was driven by increased domestic sales and a significant rise in exports. Domestic passenger vehicle sales also saw a 5% increase, reaching 141,312 units compared to 134,158 units in the same month last year.
Domestic sales figures show a mixed performance across different segments. While utility vehicle sales saw substantial growth, sales of mini and compact cars experienced a decline. Exports played a significant role in the overall sales increase, jumping to 28,633 units in November 2024 from 22,950 units in November 2023.
