Maruti Suzuki to raise car prices by up to Rs 62,000 from April 8

Maruti Suzuki India, the largest car manufacturer in the country, announced on Wednesday that it will increase the prices of several models by Rs 2,500 to Rs 62,000, effective from April 8. The price hike is attributed to rising input costs, operational expenses, regulatory changes, and additional features in its vehicles.

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While the company remains committed to optimizing costs and minimizing the impact on customers, it stated that some of the increased expenses will inevitably be passed on to the market.

The price of the compact SUV Fronx will rise by Rs 2,500, the Dzire Tour S by Rs 3,000, and the multi-purpose vehicles XL6 and Ertiga will see an increase of Rs 12,500. The company also plans to raise the price of the compact model Wagon R by Rs 14,000 and the Eeco van by Rs 22,500. Additionally, the price of the Grand Vitara SUV will increase by Rs 62,000.

Maruti Suzuki's product lineup ranges from the entry-level Alto K-10 to the multi-purpose Invicto. Earlier this year, in January, the company had raised prices by up to Rs 32,500 for various models.
Maruti Suzuki’s shares closed up 2.09% on Wednesday, reaching Rs 11,715.05 per share on the BSE.