New Delhi: Car market leader Maruti Suzuki India on Monday announced another hike in prices of select models by up to Rs 20,000 — its third hike since May — to be effective from this month, citing rising input costs and inflationary pressures.
The previous two price hikes announced by the company were for models across its portfolio.
In a regulatory filing, Maruti Suzuki India said, “In view of the continuous sustained increase in input costs, the company has decided to increase the prices on selected models by up to Rs 20,000. This increase in prices would come into effect in September 2026”.
Maruti announced its first increase of the year on May 21, raising prices across its model range by up to Rs 30,000 from June. The company said it had tried to contain the impact through cost-reduction measures but needed to pass on part of the increase to customers as input costs continued to rise.
A second portfolio-wide increase of up to Rs 30,000 took effect in August. Maruti said in its July exchange filing that the exact revision would vary across models.
The pricing action followed an April warning from Partho Banerjee, Maruti Suzuki’s senior executive officer for marketing and sales. Banerjee had said rising commodity prices would require the carmaker to pass on some costs. The company said at the time that it had not faced supply disruptions, although the conflict in West Asia had pushed up the prices of oil, gas and metals used in vehicle manufacturing.
Higher costs were also reflected in Maruti’s June-quarter results. Net sales rose 36 percent from a year earlier to Rs 49,959 crore, while net profit declined 10.8 percent to Rs 3,352 crore. The company attributed the fall in profit to an increase in material costs, which it said was aggravated during the West Asia conflict.
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Other passenger vehicle manufacturers have also announced price increases for September. Tata Motors Passenger Vehicles raised prices of its cars and SUVs by up to Rs 25,000 from September 1, citing higher input costs and commodity inflation.
Hyundai Motor India announced an increase of up to 1 percent across its portfolio from September, its third price revision of 2026. The company cited input and commodity costs, operating expenses and geopolitical and macroeconomic uncertainty.
The increases come as passenger vehicle dispatches remain higher than a year earlier. Maruti sold 2,19,220 vehicles in August, up 21.3 percent year-on-year. Its domestic sales stood at 1,80,078 units, while exports totalled 33,844 units, according to company data.
The 2026 revisions follow a tax-led reduction in vehicle prices last September. Maruti had cut ex-showroom prices across its range by up to Rs 1.30 lakh from September 22, 2025, after passing on the benefit of revised goods and services tax rates to customers.
