Beginning in January 2025, Maruti Suzuki will increase automobile costs by up to 4%, depending on the model.

Beginning in January 2025, Maruti Suzuki India will raise the pricing of its cars by up to 4%, depending on the model.

According to a report by CNBC-TV18, automaker Maruti Suzuki India plans to raise the pricing of its cars by as much as 4%, depending on the model, beginning in January 2025.

"Starting in January 2025, Maruti will raise car costs by up to 4%, depending on the model. The channel wrote on X (previously known as Twitter) that it might be necessary to pass along a portion of the higher costs to the market.

Price Increase for Hyundai
This comes a day after, according to a Reuters report, Hyundai Motor India announced on December 5 that it would raise the pricing of all of its vehicles by up to ₹25,000 starting in January 2025 because growing expenses were having an adverse effect on profitability.

"At Hyundai Motor India, we constantly work to minimize the impact on our consumers by absorbing growing costs as much as possible. However, it is now necessary to pass on a portion of this cost escalation through a little price change due to the ongoing increase in input costs. This price increase will be applied to all models and will reach a maximum of ₹25,000. All MY25 vehicles will see a price increase starting on January 1, 2025, according to CEO Tarun Garg said in a statement.

Industry-wide Pattern Observed
It is not alone, as other Indian manufacturers have also had to raise pricing earlier in 2024 due to supply chain disruptions, hefty import levies on raw materials, and rising global commodity prices. According to the analysis, Tata Motors actually increased the cost of its commercial vehicles twice in a single year.

Then, in November, BMW Motorrad, the two-wheeler division of the German car giant BMW, announced a price rise for all of its models in India. Prices will increase by up to 2.5% as of January 1, 2025. The company said in a statement that rising input costs and inflationary pressures were to blame for the adjustment.

Citing increased input and transportation expenses, Audi India announced a 3% price hike across its spectrum just days ago on December 2. Other automakers are probably going to follow suit in the upcoming weeks. Among the well-known vehicles in Audi's lineup are the A4, Q7, e-tron GT, and RS Q8.