Maruti Suzuki to hike car prices from January 2024

The quantum of the price hike across all models and variants will be announced at a later date.

Maruti Suzuki has announced that it plans to increase the prices of cars from January 2024.

In a BSE filing, the carmaker stated, “The Company has planned to increase the prices of its cars in January 2024 on account of increased cost pressure driven by overall inflation and increased commodity prices. While the company makes maximum efforts to reduce cost and offset the increase, it may have to pass on some increase to the market.”

The statement doesn’t mention the exact quantum of the price hike though. Maruti had hiked the prices of its model by an average of 1.1% at the beginning of this year.

Another carmaker that has also announced a price hike from January 2024 is Audi India. The luxury carmaker will be increasing the prices of its cars by 2%.