Maruti Suzuki to hike prices for 7 models from April 8: Check full details

“While the company is committed to optimising costs and reducing the impact on its customers, the company is constrained to pass on some of the increased expenses to the market,” Maruti Suzuki said in a statement to the stock exchanges.

The seven cars which will see price hikes are Grand Vitara, Eeco, Waggon-R, Ertiga, XL6, Dzire Tour S and Fronx. The price increase ranges from ₹2,500 to ₹62,000, with the Grand Vitara being the highest price hike.

The development came after the market hours. Shares of Maruti Suzuki settled at ₹11,691 apiece, rising 1.83% on NSE.

For March 2025, the country's largest carmaker saw total domestic passenger vehicle dispatches to dealers decline by 1% to 150,743 units as compared with 152,718 units in the year-ago month.

Sales of mini-segment cars, comprising Alto and S-Presso, declined marginally to 11,655 units against 11,829 units in March 2024.

Sales of compact cars, including Baleno, Dzire, Ignis, and Swift, also declined to 66,906 units from 69,844 units in the year-ago month.

Utility vehicles, consisting of Grand Vitara, Brezza, Ertiga and XL6, however, increased to 61,097 units last month as against 58,436 units in March 2024.

For FY25, total domestic passenger vehicle sales stood at 1,760,767 units as compared with 1,759,881 units in the 2023-24 fiscal.

Maruti Suzuki India Senior Executive Officer (marketing & sales) Partho Banerjee said the company is now focusing on retail sales with inventory levels cut down to 27 days.

He noted that the automaker has surpassed the annual total sales milestone of 20 lakh units for the second consecutive year. The company also witnessed the highest-ever annual domestic sales of 1,795,259 units in FY25.

On sales outlook for the current fiscal year, Banerjee said the industry is not expecting very high growth rates for the year.

On EVs, he noted that the penetration has grown to 2.7%, and the segment could see enhanced growth with the coming up of charging infrastructure all across the country.

For the December quarter, Maruti Suzuki India had posted a 12.61% increase in its standalone net profit to ₹3,525 crore in the third quarter of the current financial year. In the year-ago period, the net profit was ₹3,130 crore.

Revenue from operations advanced 15.5% to ₹38,492.1 crore in the quarter ended December 2024, compared to ₹33,308.7 crore in the corresponding period last fiscal.