Maruti Suzuki to raise vehicle prices by up to Rs 30,000 from August amid rising input costs
Maruti Suzuki India has announced a price hike of up to Rs 30,000 across its vehicle portfolio from August 2026, attributing the move to persistent inflationary pressures and rising input costs. The country's largest carmaker said it had attempted to absorb the impact through cost-cutting measures, but worsening cost conditions have made a partial price pass-through unavoidable.
Price hike to take effect from August
Maruti Suzuki India on Tuesday informed the National Stock Exchange (NSE) that it will increase the prices of its vehicles by up to Rs 30,000 from August 2026.
The company said the decision comes after a prolonged rise in input costs that has continued to put pressure on its operations.
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"You are kindly informed that in view of the continuous sustained increase in input costs, the Company has decided to increase the prices of its models across its portfolio by up to Rs. 30,000. This increase in prices would come into effect in August 2026," the company said in the filing.
The automaker clarified that the exact increase will vary across different models in its product lineup.
Inflationary pressures force partial cost pass-through
Maruti Suzuki said it had spent the past several months implementing cost reduction initiatives to cushion customers from rising manufacturing expenses. However, the company noted that elevated inflation and an adverse cost environment have left it with little choice but to revise prices.
"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 now at elevated levels and the adverse cost environment continuing, 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," the filing said.
The company reiterated that only a portion of the increased costs is being passed on to customers while it continues efforts to minimise the impact.
Maruti Suzuki shares end higher
Shares of Maruti Suzuki gained more than 0.9 per cent on Tuesday, closing at Rs 13,640 apiece on the National Stock Exchange.
The announcement comes as automobile manufacturers continue to grapple with higher raw material costs and inflationary pressures affecting the broader manufacturing sector.
(With inputs from ANI)