New Delhi: One of India's biggest automobile companies, Maruti Suzuki, raised the prices of its cars up to a maximum of Rs 62,000 due to the rise in input costs, high expenditures on operations, regulatory changes, and the inclusion of new features in its vehicles starting from April 8, 2025. The hike in pricing impacts various models in the lineup; a price hike specifically for models up to Wagon R and Eeco of the company is underway.
The Wagon R might face its price move upwards by Rs 14,000 with Eeco moving with Rs 22,500 of price escalation; the extreme end price jump is Rs 62,000 for the adorable SUV Grand Vitara. These changes would impact customers across India looking for cost-effective and feature-rich options in the entry-level to mid-range segment.
The rally comes barely after another one time increase in prices in January 2022, which hiked prices up to Rs 32,500 across a wide range of models offered by Maruti Suzuki. From the humble Alto K-10 to the eye-catcher’s Invicto, the company holds several categories belonging to the same business but for different customer types.
Commending the price rise that has become pivotal amidst rising raw-material costs and inflation, the increase as a mark of gallant response either mirrors or complements other trend-setters within the industry with the setting economic situations. The hike in prices doesn't surprise with the ups and downs in domestic buying power but clearly keep Maruti Suzuki on the top, shining in every nook and corner from rural markets to the metro city areas.
Maruti Suzuki grew 2.09% and reached Rs 11,715.05 per share. The company hopes for such profit mixes to maintain growth despite the fall in consumer affordability.
[Source Credit: NDTV]
