Price Hike
Maruti Suzuki to hike prices across models from Feb 1 on inflation pain
This story was originally published at 15:55 IST on 23 January 2025
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--Maruti Suzuki to hike prices from Feb 1 across models on higher input costs
MUMBAI – Maruti Suzuki India Ltd. will increase prices of its cars from Feb. 1 to pass on higher input costs and operational expenses, the company said in an exchange filing on Thursday. "While the company is committed to optimise costs and reduce the impact on the customers, we are constrained to pass on some of the increased expenses to the market," it said.
The ex-showroom price of Alto K10 will be increased by up to INR 19,500, S-Presso by up to INR 5,000, and Celerio by up to INR 32,500. Prices of its top-selling models such as WagonR, Swift, Dzire, and Brezza will be raised by up to INR 15,000, INR 5,000, INR 10,000, INR 20,000, respectively.
Maruti Suzuki said it will hike the ex-showroom price of its utility vehicle Ertiga by up to INR 15,000, Eeco by INR 12,000, Super Carry by INR 10,000. The ex-showroom prices of the Ignis, Baleno, Ciaz, and XL6 will be increased by up to INR 6,000, INR 9,000, INR 1,500, and INR 10,000 respectively.
Fronx and Jimny, Maruti Suzuki's top sellers in the export markets, will become expensive by up to INR 5,500 and INR 1,500, respectively. The ex-showroom prices of Grand Vitara and Invicto will be increased by up to INR 25,000 and INR 30,000, respectively.
The automobile manufacturer had reported a net profit of INR 30.69 billion for the quarter ended September on revenues of INR 372.03 billion. On the National Stock Exchange, shares of Maruti Suzuki closed at INR 12,045.75, up 0.2% from Wednesday. End
Reported by Anand JC
Edited by Ashish Shirke
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