Maruti Suzuki India Ltd, the country's largest passenger vehicle maker, announced a price hike of up to ₹30,000 across its model range from June 2026, citing sustained increase in input costs and inflationary pressures. According to the company's regulatory filing to the BSE, the exact quantum of change will vary from model to model, with the company having made continuous efforts over recent months to absorb rising input costs through internal cost reduction measures. However, with inflationary pressures remaining elevated and the adverse cost environment persisting, the automaker said it would now pass on part of the increased costs to customers while attempting to minimise the impact as much as possible. The ongoing West Asia conflict — which started when Israel and the US attacked Iran — has affected the automobile supply chain in India, forcing many carmakers to increase their prices.
The price increase announcement comes after Maruti Suzuki reported strong financial results in the March quarter. As reported by CNBC TV18, the company achieved a 29% rise in revenue to ₹52,449 crore in the March quarter, while EBITDA increased 44% year-on-year. However, net profit declined 3% due to lower other income and a higher tax outgo, highlighting the ongoing challenges in managing cost pressures despite operational improvements. The persistent global supply-chain disruptions and foreign exchange fluctuations due to geopolitical tensions have necessitated these price hikes over the last few months, not only by mass market vehicle makers, but also by luxury carmakers like BMW, Mercedes-Benz and Volvo.
The current announcement follows significant price reductions implemented by Maruti Suzuki in September last year after the implementation of GST 2.0. According to the company's regulatory filing, price cuts at that time included reductions of up to ₹1.29 lakh on the S-Presso, ₹1.07 lakh on the Alto K10, ₹94,100 on the Celerio, and ₹79,600 on the Wagon-R. The proposed increase will vary across models and variants, with Maruti Suzuki currently selling vehicles ranging from the entry-level S-Presso to the premium Invicto MPV, priced between ₹3.49 lakh and ₹28.7 lakh (ex-showroom).
Maruti Suzuki's announcement follows a trend of widespread price increases across the Indian automobile industry over the past 60 days. Tata Motors increased prices of its commercial vehicles by up to 1.5% from April, attributing the revision to rising commodity prices and higher input costs, while JSW MG Motor India increased vehicle prices by up to 2% across its mainstream lineup from April to partially offset sustained increases in raw material and production costs. Audi India and BMW India increased prices by up to 2% from April across their respective model ranges, citing rising logistics and material costs along with currency fluctuations. Several automobile manufacturers have announced vehicle price hikes due to rising input costs, commodity prices, logistics expenses and foreign exchange fluctuations.
