The Indian automotive industry is experiencing significant challenges due to rising input costs and operating expenses. Maruti Suzuki India (MSIL), the country’s largest passenger car manufacturer, has joined other automotive brands in announcing a price increase on its vehicles. The company confirmed that vehicle prices will rise by up to 4% starting January 2025. This move comes amid rising inflationary pressures and increasing operational costs.
Maruti Suzuki India (MSIL) has announced plans to increase the prices of its vehicles from January 2025. The price hike, which is expected to be up to 4%, will vary depending on the model. The company cited rising input costs and operational expenses as key factors behind the decision. This move follows similar announcements from competitors like Hyundai Motor India (HMIL), who also confirmed a price increase earlier this week.
The automotive industry is facing increased pressure due to rising costs of raw materials, labour, and operational expenses. Companies like MSIL are striving to optimise costs but have acknowledged that some of the additional financial burdens must be passed on to consumers. Premium brands, including Mercedes-Benz, BMW, and Audi, have already taken similar steps, raising prices for their vehicles starting next month, reflecting the industry-wide trend in response to inflationary pressures.
As of December 06, 3:20 PM, shares of Maruti Suzuki are trading at ₹11,314.20 per share with a surge of 1.15% from its previous day’s closing price. Over the last month, the stock has seen a fall of 0.35%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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