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Informist, Wednesday, Apr. 2, 2025

 

--Maruti Suzuki to hike prices of cars from Apr 8 

--Maruti Suzuki to up prices of some car models by up to INR 2,500-INR 62,000 

 

NEW DELHI – Maruti Suzuki India Ltd. on Wednesday said it will hike prices of its cars from Tuesday due to rising input costs, operational expenses, regulatory changes, and feature additions. "While the company is committed to optimise costs and reduce the impact on its customers, the company is constrained to pass on some of the increased expenses to the market," Maruti Suzuki said in an exchange filing.

 

In March, the company had informed the exchanges that it would hike prices of certain models by up to 4%. While the ex-showroom prices of the Grand Vitara will be hiked by up to INR 62,000, those of its hot-selling passenger car WagonR will be increased by up to INR 14,000. The hatchback is India's best-selling car for the fourth consecutive financial year, its executives said on Wednesday. 

 

Prices of its van Eeco will be hiked by up to INR 22,500, Ertiga and XL6 by up to INR 12,500. Prices of the Maruti Suzuki Dzire Tour S will be hiked by up to INR 3,000, with the Fronx seeing a price bump of up to INR 2,500.

 

Responding to a media query on its potential third-price hike in a year, the company's management on Wednesday said that being a market leader, Maruti Suzuki tries to absorb the prices as much as possible. "But after a certain extent, part of the cost we need to pass on to the customers. We are very sorry for it that we have to pass it on, but there is no option left," the management said. 

 

Maruti Suzuki isn't the only company to hike prices. Its peers, including Kia Motors, Tata Motors Ltd., Mahindra & Mahindra Ltd., and Hyundai Motors India Ltd., have also announced price hikes to pass on higher input costs to customers.

 

Maruti Suzuki had reported a net profit of INR 35.25 billion for the December quarter on revenue of INR 384.92 billion. Wednesday, its shares closed 2.1% higher on the National Stock Exchange at INR 11,716.10.  End

 

Reported by Anand JC

Edited by Deepshikha Bhardwaj

 

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