India’s largest passenger vehicle manufacturer, Maruti Suzuki India Limited, on Thursday announced a price hike of up to ₹30,000 across its model range, effective from June 2026. The automaker attributed the upward price revision to persistently elevated inflationary pressures and an ongoing adverse cost environment that continues to impact its operations.
MSIL is among the last original equipment manufacturers (OEMs) to announce a price hike this year. OEMs such as Mahindra & Mahindra, Tata Motors, JSW MG Motor, and Kia India, etc have already implemented price hikes of up to 3 per cent from April 1, due to high input costs, while Hyundai Motor India increased prices by up to 1 per cent across its portfolio, effective May 2026.
“In view of the sustained increase in input costs, the company has decided to increase the prices of its models across its portfolio by up to ₹30,000 with effect from June 2026,” MSIL said.
It said for the past few months, the company has been making continuous efforts to mitigate the cost impact to the extent possible through cost reduction measures.
“However, with inflationary pressures now at elevated levels and the adverse cost environment persisting, the company has to pass on a portion of the increased costs to the market, while continuing to ensure that the impact on customers is kept to the minimum extent possible,” it said adding that the exact quantum of change will vary from model to model.
According to the OEMs, the persistent global supply-chain disruptions and foreign exchange fluctuations due to the geopolitical tensions have necessitated the price hikes over the last few months, not only by mass market vehicle makers, but also by luxury carmakers like BMW, Mercedes-Benz and Volvo.
In the luxury cars segment, BMW Group India and Mercedes-Benz India have already indicated another price hike in the coming months.
BMW Group India has already hiked prices effective April 1 by up to 2 per cent across its BMW and Mini range. This was the second price hike this calendar year.
“We will take another price rise, anywhere between 2-3 per cent, because of the current forex situation. This price rise is expected anytime soon,” Hardeep Singh Brar, President and CEO, BMW Group India said earlier this week.
Similarly, Mercedes-Benz India, MD and CEO, Santosh Iyer said recently that the company was planning a third price hike from July onwards because of supply chain delays and management and significant deterioration in exchange rates.