Maruti to Hike Prices of 7 Cars by Up to ₹62,000: Third Price Increase This Year Due to Rising Costs

Maruti Suzuki has announced a price hike of up to ₹62,000 on seven of its car models, effective April 8, 2025. The company stated in an exchange filing that rising raw material and operational costs have led to this decision. This marks Maruti Suzuki’s third price hike in 2025.

Previous Price Hikes

• January 2025: Prices increased by up to 4%.

• February 2025: A 1% to 4% hike, depending on the model. The Celerio saw the highest increase at ₹32,500.

Other Automakers Also Raising Prices

Several other automobile manufacturers have announced price hikes starting in April 2025, including:

• Hyundai Motor India

• Mahindra & Mahindra

• Mercedes-Benz

• Renault India

• Kia Motors

• Honda Cars

• BMW India

• Audi India

Why Are Prices Increasing?

Most automakers cite similar reasons for the price hikes:

1. Rising input costs – The increasing expenses for raw materials and manufacturing.

2. Higher logistics costs – Transportation and supply chain expenses have surged.

These factors have raised overall production costs, forcing companies to adjust their prices. This move will impact consumers, especially those planning to buy a new car.

Company-wise Price Hike (April 2025)

• Maruti Suzuki: 4%

• Kia India: 3%

• Hyundai India: 3%

• Honda Cars: 3%

• Mahindra & Mahindra: 3%

• BMW India: 3%

• Renault India: 2%

• Tata Motors: Yet to announce

Maruti Suzuki Sales Performance

3% Increase in March Sales

Maruti Suzuki sold 1,92,984 vehicles in March 2025, up from 1,87,196 units in March 2024, marking a 3% year-on-year growth. Domestic passenger vehicle (PV) sales stood at 1,50,743 units, slightly down from 1,52,718 units in March 2024.

Decline in Small Car Sales

Sales of entry-level models like Alto and S-Presso fell to 11,655 units in March 2025 from 11,829 units a year ago. Similarly, sales of compact models (Baleno, Dzire, Ignis, Swift) dropped to 66,906 units, down from 69,844 units in March 2024.

Growth in SUV & MPV Sales

Sales of utility vehicles like Grand Vitara, Brezza, Ertiga, and XL6 rose to 61,097 units, compared to 58,436 units last year.

Exports See a Boost

Maruti exported 32,968 vehicles in March 2025, up from 25,892 units in March 2024.

Over 2 Million Vehicles Sold for Second Consecutive Year

Maruti Suzuki reported total sales of 22,34,266 vehicles in FY 2024-25, compared to 21,35,323 units in the previous fiscal year.

• Domestic sales: 17,60,767 units (FY 2024-25) vs. 17,59,881 units (FY 2023-24).

• Exports: 3,32,585 units (FY 2024-25) vs. 2,83,067 units (FY 2023-24).

Maruti Suzuki’s Financial Performance

Stock Performance

• April 2, 2025: Maruti’s stock rose 1.83% to close at ₹11,691.

• Year-to-date gain: 4.31%

• Six-month loss: 7.56%

Q3 Profit Increased by 16%

Maruti Suzuki’s net profit for Q3 FY 2024-25 rose 16% to ₹3,727 crore, up from ₹3,206 crore in Q3 FY 2023-24.

• Revenue from operations: ₹38,764 crore (up 15.67% from ₹33,512 crore last year).

Maruti Suzuki’s Legacy

• Established on February 24, 1981, as a government-owned company (Maruti Udyog Limited).

• In 1982, partnered with Suzuki Corporation of Japan to form Maruti Suzuki India Limited.

• Launched India’s first budget car, Maruti 800, in 1983, priced at ₹47,500.

• Over 40 years, Maruti Suzuki has sold nearly 30 million vehicles in India.