Business · India Bureau
Maruti Suzuki to raise select model prices by up to ₹20,000
India's largest carmaker will implement its third price adjustment since May, joining peers in passing on mounting input costs to consumers. The hike underscores sustained inflationary pressures weighing on the automotive sector.
LSN India ·
Maruti Suzuki India Limited plans to increase prices across select vehicle models by up to ₹20,000 effective September, marking the manufacturer's third round of price adjustments since May this year. The move reflects persistent pressure from elevated raw material and input costs that have squeezed margins across the automotive industry.
The incremental price revision follows a similar strategy adopted by rival Tata Motors, which has also announced multiple price increases over the same period. Manufacturers have cited sustained inflationary headwinds, including higher steel and semiconductor costs, as the primary driver behind successive price corrections.
Maruti Suzuki, which commands a significant share of India's passenger vehicle market, has stated that the price adjustments are necessary to offset cost pressures while maintaining operational sustainability. The timing and quantum of increases vary across different model segments and variants.
The automotive sector continues to grapple with supply chain challenges and elevated commodity prices that have persisted despite moderating inflation in other segments of the economy. Industry analysts expect additional price revisions may become necessary if input costs remain elevated in the coming months.
Consumers seeking to purchase vehicles may consider completing transactions before the September price hike takes effect, a trend that typically accompanies advance announcements of price increases in the Indian automotive market.