Maruti Suzuki India to hike prices from ₹1,500 to ₹32,500 across models from February 1

Maruti Suzuki India announced on Thursday, January 23, that it would hike prices by up to ₹32,500 across various models from February 1 to offset the rise in input costs partially. India's largest passenger car manufacturer said in a regulatory filing to the stock exchanges that the auto major plans to increase car prices from February 1 due to rising input costs and operational expenses.

"While the company is committed to optimising costs and reducing the impact on the customers, we are constrained to pass on some of the increased expenses to the market," said Maruti Suzuki. Under the revised prices, the compact car, Celerio, will report an increase in ex-showroom prices by up to ₹32,500, while the premium model Invicta will go by up to ₹30,000.

Also Read: Maruti Suzuki reports highest-ever monthly sales at 2,06,434 units in October ahead of Muhurat Trading session

Maruti Suzuki India's popular Wagon-R model will see its price increase by up to ₹15,000, while that of Swift by ₹5,000. SUVs Brezza and Grand Vitara will see price hikes of up to ₹20,000 and ₹25,000, respectively. For entry-level small cars, Alto K10 prices will rise by up to ₹19,500, and for S-Presso, by up to ₹5,000.

The car maker added that the price of the premium compact model Baleno will increase by up to ₹9,000, that of the compact SUV Fronx by up to ₹5,500, and that of the compact sedan Dzire by up to ₹10,000. The company currently sells a range of vehicles, from the entry-level Alto K-10, with prices starting at ₹3.99 lakh, to the Invicto, at ₹28.92 lakh.

Also Read: Maruti Suzuki banks on SUVs, CNG models to beat demand blues

Maruti Suzuki India car price hike

The steepest price hike of ₹32,500 is for Celerio, while prices of Ciaz and Jimny will see an increase in price by up to ₹1,500. Here's the model-wise price adjustment:

Alto K10: Up to ₹19,500

S-Presso: Up to ₹5,000

Celerio: Up to ₹32,500

Wagon R: Up to ₹13,000

Swift: Up to ₹5,000

Dzire: Up to ₹10,500

Brezza: Up to ₹20,000

Ertiga: Up to ₹15,000

Eeco: Up to ₹12,000

Super Carry: Up to ₹10,000

Also Read: Maruti Suzuki Q2 Results: Net profit falls 17% YoY to ₹3,069 crore, revenue flat; stock slides

Ignis: Up to ₹6,000

Baleno: Up to ₹9,000

Ciaz: Up to ₹1,500

XL6: Up to ₹10,000

Fronx: Up to ₹5,500

Invicto: Up to ₹30,000

Jimny: Up to ₹1,500

Grand Vitara: Up to ₹25,000