Maruti Suzuki Likely To Hike Car Prices by Up to 4% from April 1 – Here’s Why
Maruti Suzuki Likely To Hike Car Prices by Up to 4% from April 1 – Here's Why
Maruti Suzuki India Ltd. (MSIL) has announced a price hike of up to 4% on its vehicles, effective April 1, 2025. This marks the third price increase this year, driven by rising costs of raw materials and operational expenses. The company stated that while efforts were made to absorb these costs, a portion must now be passed on to consumers.
Maruti Suzuki’s 2025 Price Hike – A Breakdown
- January 2025: Prices increased by 4%
- February 2025: Prices raised by 1% to 4%, depending on the model
- April 2025: New hike of up to 4%, varying across different models
Maruti Suzuki’s Executive Officer and Company Secretary, Sanjeev Grover, confirmed the decision in an official statement:
“Although the company is constantly working to reduce costs and lessen the impact on its customers, a part of the increased costs may have to be passed on to the market.”
Industry-Wide Price Increases
Maruti Suzuki is not alone in raising prices, as several automakers are facing increased production costs due to rising raw material prices, supply chain disruptions, and inflationary pressures. Experts predict this trend will continue throughout 2025, affecting car buyers across the country.
Stock Market Reaction
Following the announcement, Maruti Suzuki’s stock surged by 1.9%, reaching ₹11,732. However, the stock remains 15% below its all-time high of ₹13,680.
Despite the price hike, Maruti Suzuki reiterated its commitment to delivering value to customers by maintaining high-quality products and services while managing cost pressures.
