Maruti Suzuki hikes prices by Rs 20,000 on selected models; third price increase since May

Representational Image. File pic.

Car maker Maruti Suzuki India on Monday announced another hike in prices of select models by up to Rs 20,000, with effect from this month.

This is the third hike since May and the company cited rising input costs and inflationary pressures behind the rate increase. Previously, it had increased prices by up to Rs 30,000 with effect from August 1, and with effect from June. The previous two price hikes announced by the company were across its portfolio.

"In view of the continuous sustained increase in input costs, the company has decided to increase the prices on selected models by up to Rs 20,000. This increase in prices would come into effect in September 2026," Maruti Suzuki India said in a regulatory filing.

The company, a market leader in passenger vehicles segment, however, did not mention the models on which the price hike would be applicable.

"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
at elevated levels and the adverse cost environment enduring, 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.

Rate hike announced in July and May

In July, Maruti Suzuki had also increased prices of its vehicles across models by up to Rs 30,000 with effect from August to partially offset the sustained increase in input costs.

The company even then had stated that for the past few months it had been making continuous efforts to mitigate the cost impact to the extent possible through cost reduction measures.

However, with inflationary pressure at elevated levels and the adverse cost environment continuing, the company said it 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.

In May, the company had announced a price hike of up to Rs 30,000 across models as the West Asia crisis had driven the input costs.

Other automakers have also increased prices recently

Following the inflationary pressure, Tata Motors Passenger Vehicles has already announced two rate hikes in recent months, and Hyundai Motor India had recently announced a price increase of up to 1 per cent across its portfolio, effective September citing combination of rising input and commodity costs, higher operational expenses and continuing geopolitical and macroeconomic uncertainties, among other factors.