Maruti Suzuki India to hike car prices by up to Rs 30,000 from August
New Delhi, July 21
Maruti Suzuki India on Tuesday announced that it will increase the prices of its passenger vehicles by up to Rs 30,000 from August 2026, citing a sustained rise in input costs and persistent inflationary pressures.
In a regulatory filing with the BSE, the country's largest carmaker said the price revision has become necessary due to the continuous sustained increase in input costs, despite the company's efforts to offset higher expenses through cost-reduction initiatives.
"In view of the continuous sustained increase in input costs, the company has decided to increase the prices of its models across its portfolio by up to Rs 30,000. This increase in prices would come into effect in August 2026," the carmaker noted.
Maruti Suzuki India said it had been taking measures over the past several months to absorb the impact of rising costs.
However, with inflationary pressures remaining elevated and the overall cost environment continuing to be unfavourable, the company has decided to pass on a part of the increased costs to customers.
The automaker said it remains committed to keeping the impact on customers to the minimum possible extent, even as it implements the price revision.
"For the past few months, the company has been making continuous efforts to mitigate the cost impact to the extent possible through cost reduction measures. However, with inflationary burdens now at elevated levels and the adverse cost environment continuing, the company is constrained to pass on a portion of the increased costs to the market, while continuing to ensure that the impact on customers is kept to the minimum extent possible," it added in its filing.
While announcing the increase of up to Rs 30,000, Maruti Suzuki did not specify the revised prices for individual models. It said the quantum of the hike will vary depending on the model.
"The exact quantum of change will vary from model to model," Maruti Suzuki India explained.
— IANS
Reader Comments
I understand the input costs have gone up, but Rs 30,000 is a huge jump for a budget car. Maruti should have absorbed more of this, given their massive scale. Hope they at least give better discounts or exchange offers to soften the blow. Otherwise, people might just wait or switch to EVs or CNG models.
Classic corporate move – blame inflation and pass the burden to customers. Meanwhile, their profit margins are probably healthy. Why not cut some marketing spends or streamline operations instead? This just feels like a tactic to boost profits before the festive season. Not impressed, Maruti.
I moved to India last year and bought a Maruti Suzuki. It's great value for the price, but these hikes are concerning. In the US, car prices are also rising, but at least they offer more features. Here, even basic variants are getting expensive. I hope the government steps in to control inflation so such hikes don't become the norm.
It's a harsh reality check for the auto industry. Raw material costs have shot up globally, and Maruti isn't immune. Yes, it hurts the pocket, but at least they're transparent about the reasons. Maybe this will push people to consider electric vehicles or public transport. Either way, time to tighten our belts.
Up to Rs 30,000 increase? That's almost a month's salary for many! 😡 Maruti should focus on making cars more affordable, not less. With rising GST and road tax on top of this, it's a double whammy. Maybe it's time to explore electric two-wheelers instead.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.