NEW DELHI: Maruti Suzuki India announced plans to increase prices across its vehicle range by up to 4 per cent starting January 2025, primarily due to increasing input costs and operational expenses, as disclosed in their regulatory filing.
The automaker admitted that despite efforts to control costs and reduce customer impact, transferring a portion of the increased expenses to consumers has become necessary.
The automobile manufacturer's portfolio in the domestic market includes various vehicles, from the entry-level Alto hatchback to the premium Invicto multi-utility vehicles.
Meanwhile, Hyundai Motor India declared a price increase of up to Rs 25,000 across its model range on December 5, which will be effective January 1, 2025. The company attributed this decision to higher input costs, unfavourable exchange rates and increased logistics expenses.
Earlier, several premium automotive brands, including Mercedes-Benz, BMW and Audi, have similarly announced price revisions for their vehicles starting next month.
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