Maruti Cars Will Become Expensive by 4% From The New Year

After Hyundai Motor India, India's largest car maker Maruti Suzuki has also decided to increase car prices from next month. This increase will be up to 4% on all models of the company's lineup. The increased rates will be applicable from January 1, 2025.

Suzuki gave this information in an exchange filing on Friday (December 6). A day earlier on Thursday (December 5), Hyundai Motor India Limited had also announced to increase the prices of all its models by RS 25,000 from the new year.

Prices increased due to this reason

In view of the rising input costs and operational costs, the company has planned to increase the prices of its cars from the end of January 2025. It is being told that Maruti Suzuki has decided to increase the prices of its cars by up to 4 percent. And this increase will be decided on the basis of the model. However, the company has also said that it will try to continuously optimize the cost and reduce the impact of this increase on its customers.

Cars will also be expensive

Apart from both the Indian companies, Mercedes-Benz, BMW and Audi doing business in India have also announced price hikes from the new year. All the companies have given the same reason behind increasing the prices. Companies have taken such a decision due to increase in input costs and logistics.

This decision of RBI will have an impact on the car

The Reserve Bank of India has decided to reduce the cash reserve ratio in the MPC meeting today and it has been reduced from 4.5 percent to 4 percent. Due to this, banks will have extra cash deposits, due to which it will be easier for banks to give more loans. By reducing the cash reserve ratio, banks can have more capital to give home loans and car loans. This can also have a direct impact on those taking car loans.

India's largest Car Company

Maruti Suzuki is India's largest car company in terms of market share. It has 40% share in the Indian market. The company sold 1.44 lakh cars in November 2024. There has been an increase of 7.46% on annual basis.

In the same period last year, the company had sold 1.34 lakh cars in the domestic market. In the utility vehicle segment, there has been an annual growth of about 17% in the sales of SUVs including Brezza, Frock, Grand Vitara.