Maruti Cars to Get 4% Costlier from New Year; Hyundai, Mercedes, BMW, Audi to Follow
Following Hyundai Motor India, Maruti Suzuki, India’s largest car manufacturer, has also decided to hike car prices starting next month. This increase of up to 4% will apply to all models in its lineup. The revised prices will come into effect from January 1, 2025.
On Friday, December 6, Maruti Suzuki disclosed this information through an exchange filing. A day earlier, Hyundai Motor India Limited announced a price hike of ₹25,000 for all its models starting from the new year.
Mercedes-Benz, BMW, and Audi Cars to Become Costlier
In addition to the two Indian companies, global luxury carmakers like Mercedes-Benz, BMW, and Audi have also announced price hikes effective from the new year. All companies cited the same reason for this decision: rising input and logistics costs.
Maruti Suzuki: India’s Largest Car Manufacturer by Market Share
Maruti Suzuki holds the largest market share in India, commanding 40% of the market. In November 2024, the company sold 1.44 lakh cars, reflecting an annual growth of 7.46%. During the same period last year, Maruti sold 1.34 lakh cars in the domestic market.
In the utility vehicle segment, models like Brezza, Fronx, and Grand Vitara witnessed nearly 17% year-on-year growth in sales.
Maruti Suzuki Records ₹3,069 Crore Profit in Q2 FY24-25
In the second quarter of the financial year 2024-25 (July-September), Maruti Suzuki posted a standalone net profit of ₹3,069 crore. This marked a 17% year-on-year decline compared to the ₹3,717 crore profit recorded in the same quarter last year.
During the July-September quarter, the company’s operational revenue stood at ₹37,203 crore, slightly up from ₹37,062 crore in the same period of 2023. This represents a marginal annual increase of 0.37%. Revenue refers to income generated from the sale of goods and services.
