Maruti Suzuki, India's largest car maker after Hyundai Motor India, has also decided to increase car prices from next month. The increase will be up to 4% across all models in the company's lineup. The increased rates will be applicable from January 1, 2025.
Suzuki disclosed this in an exchange filing on Friday (6 December). A day earlier on Thursday (December 5), Hyundai Motor India Ltd also hiked prices of all its models from the new year by Rs. 25,000 was announced to increase.
Mercedes Benz, BMW and Audi cars will also be expensive
Apart from the two Indian companies, Mercedes-Benz, BMW and Audi, which do business in India, have also announced price hikes from the new year. All companies have given the same reason for raising prices. Companies have taken this decision due to increase in input cost and logistics.
Maruti Suzuki is the largest car company in India Maruti Suzuki is the largest car company in India in terms of market share. It has a 40% share in the Indian market. The company sold 1.44 lakh cars in November 2024. There has been an increase of 7.46% year-on-year.
In the same period last year, the company sold 1.34 lakh cars in the domestic market. In the utility vehicle segment, sales of SUVs including Brezza, Frock, Grand Vitara have seen a year-on-year growth of around 17%.
Maruti Suzuki's second quarter profit at ₹ 3,069 crore
Maruti Suzuki in the second quarter (July-September) of the financial year 2024-25 Rs. 3,069 crore in profit (net profit alone). A year-on-year (YoY) decline of 17%. A year ago, the company made a profit of Rs 3717 crore in the July-September quarter.
The company's operational revenue for the July-September quarter was Rs. 37,203 crores. In July-September 2023, the company will spend Rs. 37,062 crores in revenue. There was a slight increase of 0.37% year-on-year. Earnings from the sale of goods and services is called revenue.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
