• Source:JND
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Maruti Suzuki Car Price Hike: India's largest carmaker Maruti Suzuki has announced a price hike of up to 4 percent on its vehicles, effective from April 2025. The company cited rising input costs and operating costs as the main reason behind the decision. According to Maruti Suzuki, the price hike will vary across models.

While Maruti Suzuki is constantly working to optimize costs to minimize the impact on consumers, the company said some of the increased costs will have to be passed on to the market. The move comes at a time when automakers across the industry are facing inflationary pressures, supply chain disruptions and fluctuations in raw material prices.

Maruti Suzuki dominates the Indian market

Maruti Suzuki is playing a dominant role in the Indian automobile market with a 41.6 percent market share as of 2024. The company is ahead of Hyundai and Tata Motors, which are vying for the second spot. The Indian automotive industry is expanding rapidly, with India emerging as the world's third-largest country in automobile sales and the fourth-largest in automobile production.

Japanese brands, Suzuki, Indian manufacturers like Tata Motors and Mahindra, and Korean brands like Hyundai and Kia dominate the Indian car market.

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By 2024, Maruti Suzuki, Tata Motors, Hyundai, and Mahindra will collectively hold 80 percent of the market share, with the remaining 20 percent divided among 10 other carmakers. Maruti Suzuki is the only manufacturer with a market share of more than 40 percent.

Hyundai, Tata, and Mahindra each have a market share of between 10 percent and 15 percent, while Toyota and Kia have a share of between 5 percent and 10 percent. The bottom seven car brands in India have a market share of around 1 per cent, indicating a high influence of the top manufacturers.

Maruti Suzuki offers a value-added product

As the Indian automotive sector continues to grow, Maruti Suzuki's price revision reflects broader industry trends, where price pressures are forcing manufacturers to adjust pricing strategies.

Despite the growth, Maruti remains more toward offering value-added products and maintaining its leadership in the Indian car market.

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(With Inputs From ANI)