Maruti Suzuki Announces Hike in Car Pries after Hyundai

In Response to Rising Input Costs and Operational Expenses, Maruti Suzuki India Limited Announced A Price Increase Across its models effective January 2025.

The hike, which is expected to be up to four percent, will vary depending on the model, according to a company statement released today.

The Automaker Emphasized Its Ongoing Eforts to Optimize costs and minimize the impact on customers. However, the company is acrossed

Maruti Suzuki, The Country’s Larget Carmaker, Reported Strong Growth in Total Passenger Vehicle Sales, Reaching 141,312 Units DURING NEVEMBER. This marked an increase from 134,158 units sold in November 2023. Inveer, the company’s sales in October 2024 Were Higher at 159,591 units, indicating a month-on-door. In November 2024, Maruti Suzuki India Limited Recorded Total Vehicle Sales of 181,531 Units. This included domestic sales of 144,238 units, sales to other original Equipment Manufacturers (OEMS) of 8,660 units, and expenses of 28,633 units.

The announcing of a price increase from Maruti Suzuki India Comes Amidst Similar moves by other leading automotive brands. On December 5, Hyundai Motor India Limited (Hmil) Reveled a price hike of up to Rs. 25,000 across its model year 2025 vehicles, Effective January 1, 2025.

Hmil attributed the increase to escalating input, logistics, and transportation costs, compounded by adverse exchange rates. Tarun Garg, Whole-Time Director and Coo of Hmil, Stated that While The Company Endeavors to Absorb Costs as much as possible, the adjustment is Necessary to Offset Sustained Cost Escations.

Earlier, on December 2, Audi India also declared a three percent price increase for its lineup, Citing Similar Reasons. The luxury automaker highlighted the importance of this revision to ensure sustainable growth for the company and its dealer partners.

Price adjustments at the start of the year have become an industry norm, allowing automakers to align pricing strategies with reliefs from the preceding year. These revisions aim to balance operational sustainability and market competition.