Maruti Suzuki India to hike car prices by up to 4% from April, shares rise nearly 2%

Maruti Suzuki India to hike car prices by up to 4% from April, shares rise nearly 2%

Maruti Suzuki India said on March 17 it will hike car prices by up to 4% from April 2025, due to rising raw material and operational costs.

The price increase will vary depending on the model, the company said.

"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," said the carmaker in a stock exchange filing.

In early trade, the company's shares on BSE rose nearly 2% to trade at Rs 11,737 apiece.

The hike is the same 4% it announced in December last year, which came into effect in January.

The automaker had also raised prices in February for several models, with increases ranging from Rs 1,500 to Rs 32,500.

Indian automakers are facing increased costs due to rising global commodity prices, high import duties on raw materials, and supply chain disruptions.