Maruti Suzuki India Ltd. has effected its third price hike in three months amid moderating sales in the world's third largest car market.
"In light of rising input costs and operational expenses, the company has planned to increase the prices of its cars from April 2025," according to an exchange filing on Monday. "The price increase is expected to be up to 4% and will vary depending on the model."
"While the company continuously strives to optimise costs and minimise the impact on its customers, some portion of the increased cost may need to be passed on to the market," it said.
The company had previously raised car prices on Jan. 1 and Feb. 1.
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