Maruti Suzuki, the largest car manufacturer in India, announced a price increase of up to ₹30,000 across its vehicle lineup effective from June. This decision is driven by persistent inflation and rising input costs, which have made it necessary to revise prices. The company noted that it has been implementing internal cost-control measures to mitigate the impact of these rising costs but found the situation untenable. The exact price increase will depend on the specific model, with Maruti's offerings ranging from the budget-friendly S-Presso to the premium Invicto MPV.

This price hike comes amidst a broader trend in the automotive sector, with competitors like Hyundai Motor India, Tata Motors, and MG Motor having already raised prices in recent months. Rising costs of steel, aluminum, and energy, compounded by global supply chain disruptions, have pressured manufacturers to adjust their pricing strategies. Despite these challenges, the demand for passenger vehicles in India remains robust, particularly in the SUV segment, supported by improving rural sentiment and easier financing options. Analysts suggest that consumer sentiment is recovering, aided by GST relief measures and ongoing infrastructure investments.