The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom. The company has announced it will hike the prices of cars from January 2025
| Photo Credit: Reuters

Maruti Suzuki India Ltd. announced on Friday (December 6, 2024) its plans to increase the prices of its cars starting January 2025.

Maruti said that the price hike will be up to 4% and will vary for different models, it said in an exchange filing. 

Maruti Suzuki attributed the decision to for the increase in price to rising input costs and operational expenses.

“While the company continuously strives to optimise costs and minimise the impact on its customers, some portion of the increased cost may need to be passed on to the market,” Maruti Suzuki said in its statement.