Maruti Suzuki on Friday said that it will hike prices by up to 4 per cent depending on the model from January 2025. The move comes in light of rising input costs and operational expenses, the company said in an exchange filing.

“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 stated.

Maruti Suzuki sells a range of models, ranging from Alto hatchback to Invicto multi-utility vehicles, in the domestic market.

On Thursday, Hyundai Motor had announced that it would increase prices across model range effective from January 1, 2025.

Various luxury automakers Mercedes-Benz, BMW and Audi have also announced to hike vehicle prices from next month.

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