Car market leader Maruti Suzuki India said on Thursday it will hike prices of its vehicles across models by up to ₹30,000 from June 2026, citing inflationary pressures and an adverse cost environment.
It joined peers Tata Motors Passenger Vehicles, Mahindra & Mahindra and Hyundai Motor India , all of which announced price hikes earlier.
In a regulatory filing, the company said it has been absorbing cost pressures through internal efficiencies over the past several months. However, it noted that sustained input cost inflation has left limited room to fully offset the impact.
The company has decided to increase prices of its models across its portfolio by up to ₹30,00 with effect from June 2026, Maruti Suzuki India said in a regulatory filing.
"The exact quantum of change will vary from model to model," it added.
"For the past few months, the company has been making continuous efforts to mitigate the cost impact to the extent possible through cost reduction measures," the company said.
However, it further said, “With inflationary pressures now at elevated levels and the adverse cost environment persisting, the company has to pass on a portion of the increased costs to the market, while continuing to ensure that the impact on customers is kept to the minimum extent possible.”
The development came as the Middle East conflict has disrupted global trade routes and energy markets, driving up prices of key inputs and pressing companies to pass on higher costs to customers.
Last month, Maruti warned of the potential impact on demand for price-sensitive entry-level cars if petrol prices rise.
Maruti Suzuki India currently sells a range of vehicles from entry-level S-Presso to premium utility vehicle Invicto priced between ₹3.49 lakh and ₹28.7 lakh (ex-showroom).
In recent months, company officials had hinted at the possibility of price hikes due to rising commodity costs.
In January this year, the company came out with a price protection scheme for those customers who booked their vehicles, as it could not supply due to production constraints.
The company had closed FY26 with about 1.9 lakh pending customer orders, including nearly 1.3 lakh in the small-car segment under the 18 per cent GST bracket.
Last year in September, after GST 2.0 kicked in, the company cut prices of the entry-level model S Presso by up to ₹1,29,600; the Alto K10 by up to ₹1,07,600; the Celerio by ₹94,100; and the Wagon-R by up to ₹79,600, among others.
(With inputs from agencies)
