Maruti Suzuki India has announced a price hike of up to 20,000 Indian rupees for a range of models starting in September. This decision was officially communicated in documentation filed with the BSE on Monday and is attributed to the continuous rise in raw material costs and increased inflationary pressure.
This increase will be the third since May. However, unlike the two previous hikes that covered the entire Maruti Suzuki model lineup, this new price revision will affect only selected models.
In its statement, the company indicated that the decision was linked to the 'continuous sustained increase in raw material costs.' The price increase of up to 20,000 rupees will take effect in September 2026.
Maruti Suzuki reported that it had taken steps to absorb the effects of rising costs through internal measures. The company noted that over the past few months, it had made constant efforts to mitigate the impact of costs through cost reduction measures.
Nevertheless, the company emphasized that the ongoing rise in costs left it with limited capacity to cover additional expenses. Maruti Suzuki stated that due to high levels of inflationary costs and a persistent unfavorable pricing environment, it must pass on some of the increased costs to the market.
The automaker also specified that it will continue to work to keep the impact of the price increase on consumers as minimal as possible.
Tata Motors also raised prices
Earlier, Tata Motors increased the price of its passenger vehicles by up to 25,000 rupees, effective September 1st. This increase covered the entire range of passenger vehicles, including internal combustion engine models and electric vehicles.