Maruti Suzuki India Announces Up to 4% Price Increase on Cars from April; Shares Gain Nearly 2%

Maruti Suzuki India said on March 17 that it will increase car prices by up to 4 percent from April 2025 due to the rising cost of raw materials and operating costs.

The cost increase will differ according to the type of model, the company stated.

"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," stated the automaker in a report to the stock exchange.

In the first trading day the shares of the company on BSE gained around 2% and traded at 11,737 per share.

The increase is the same as the 4% increase that it had announced back in December of last year. The hike took force in January.

The automaker had also increased prices in February on several models, with prices that ranged from Rs 1,500 to Rs 32,500.

Indian automakers face increased cost due to the price increases for commodities in the world and high import taxes on raw materials, as well as disruptions to supply chains.

This is the slightest increase of 0.97 percent from the 197,471 units sold during the same month in 2013.

The total of February 2025's sales comprised of domestic sales of 163,501 units. Sales for different OEM 10 878 units, and exports totalling 25,021 units. Exports fell by 13.5 percent year-on-year (YoY).

The total domestic passenger vehicle (PV) the sales for Maruti Suzuki last month rose by 0.32 percent to reach 160,791 units, up from 160,271 vehicles, YoY.

As of 9:55 AM, Maruti Suzuki shares were trading 1.99 percentage higher at Rs11,737.10 per share at BSE.