Maruti Suzuki India Limited (MSIL) has announced an upcoming price increase for its cars, set to take effect from January 2025. This decision comes in response to rising input costs and operational expenses, which are impacting the automotive sector. The price hike is expected to be up to 4%, with the exact percentage varying across different models.
Despite ongoing efforts to optimize costs and minimize customer impact, the company has stated that part of the increased costs may need to be passed on to the market.
In the exchange filing, Maruti Suzuki India shared, “In light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from January 2025. The price increase is expected to be up to 4% and will vary depending on the model. 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.”
