NEW DELHI — Maruti Suzuki India Limited, the country's leading automobile manufacturer, will implement a price hike across its entire vehicle portfolio from June, with increases reaching up to Rs 30,000 depending on the model, according to reports.
The announcement comes several months after the automaker introduced a price protection initiative in January this year. Under that scheme, customers who had placed bookings but faced delivery delays due to manufacturing limitations were shielded from any price increases that might occur during the waiting period. The measure was necessitated by production challenges that prevented the company from fulfilling orders within expected timeframes.
The upcoming price revision reflects the ongoing pressure on automobile manufacturers from elevated input costs, including raw materials such as steel, aluminium, and precious metals used in catalytic converters. Maruti Suzuki commands approximately 40 per cent market share in India's passenger vehicle segment, making its pricing decisions significant indicators for the broader automotive industry.
The company has not yet disclosed which specific models will see the maximum increase or whether entry-level vehicles will be subject to smaller adjustments. Indian automakers have implemented multiple rounds of price hikes over the past two years as commodity prices and regulatory compliance costs have risen substantially.