Maruti Suzuki India Ltd. (MSIL) on Monday, March 17, announced that it will be increasing the prices of its vehicles by up to 4%, effective April 1, 2025. The decision comes in response to the escalating input costs and rising operational expenses, impacting the company’s profitability.
This is the third instance of India’s largest passenger car manufacturer announcing a hike in the price of its vehicles after January and February this year.
In January 2025, the company had hiked prices by 4%, while the announcement was made for the same in December. Prices were hiked by a similar quantum in February as well,
with the quantum ranging between 1% to 4%.
In a regulatory filing, Maruti Suzuki stated that the price increase will vary depending on the specific model. The company has been diligently working to absorb the increasing costs through internal efficiencies and cost optimization measures. However, a portion of the burden must now be passed on to consumers to sustain operations and maintain product quality.
“While the Company continuously strives to optimize costs and minimize the impact on its customers, some portion of the increased cost may need to be passed on to the market,” stated Sanjeev Grover, Executive Officer and Company Secretary, Maruti Suzuki India, in the official notification.
This price adjustment follows similar announcements from other automotive manufacturers who are also grappling with increased raw material prices, supply chain disruptions, and inflationary pressures. Industry analysts predict that this trend may continue throughout the year as the global economy navigates these challenges.
The company remains committed to providing value-driven mobility solutions to its customers and will continue to focus on delivering quality products and services, it further stated.
Shares of Maruti Suzuki India have surged to the day’s high post this announcement, currently trading 1.9% higher at ₹11,732. The stock is still 15% below its record high level of ₹13,680.
