NEW DELHI, Dec 6: Maruti Suzuki India announced on Friday plans to increase prices across its model range by up to 4 percent starting in January 2025. The company cited rising input costs and operational expenses as the reasons behind this price hike, as outlined in a regulatory filing. The adjustments, which will vary by model, are estimated to reach a maximum of 4 percent.
“While we continually work to streamline costs and lessen the impact on our customers, some of the increased costs may need to be passed on to the market,” the company stated.
Maruti Suzuki’s lineup includes a variety of models, from the Alto hatchback to the Invicto multi-utility vehicle in the domestic sector.
In related news, on December 5, Hyundai Motor India revealed it would increase prices on its vehicle range by up to Rs 25,000 effective January 1, 2025. This decision was driven by rising input costs, unfavorable exchange rates, and increased logistics expenses.
Additionally, several luxury car manufacturers, including Mercedes-Benz, BMW, and Audi, have also announced price hikes for their vehicles starting next month. (PTI)
