New Delhi, Jan 23 (UNI) With a view to offset the rising inputs costs, car market leader Maruti Suzuki India on Thursday said it will hike prices of its various models by up to Rs 32,500 with effect from February 1.
“Due to rising input costs and operational expenses, the company plans to increase car prices starting on 1st February, 2025,” Maruti Suzuki said in a regulatory filing with the stock exchanges.
It also said that “while the company is committed to optimising costs and reducing the impact on the customers, we are constrained to pass on some of the increased expenses to the market.”
Under the revised prices, the company’s compact car Celerio will see an increase in ex-showroom prices by up to Rs 32,500, while that of premium model lnvicto by up to Rs 30,000.
The company’s most popular model Wagon-R price will go by up to Rs 15,000 while that of Swift by Rs 5,000. SUVs Brezza and Grand Vitara, which were launched recently, will see price hikes by up to Rs 20,000 and Rs 25,000, respectively.
Entry-level small cars Alto K10 prices will rise by up to Rs 19,500 and that of S-Presso by up to Rs 5,000, the filing said.
