India's Maruti Suzuki to hike prices for second time in two months (updated)

Hyundai Motor India

21/07/2026 11:26

Adds details and background

    July 21 (Reuters) - India's top carmaker Maruti Suzuki MRTI.NS said on Tuesday it would increase vehicle prices by up to 30,000 rupees ($311.74) from August, its second portfolio-wide hike in about two months, citing sustained cost pressures. 

Here are more details:

        The automaker had earlier 
        announced
         a similar price hike of 30,000 rupees from June, while offering price protection to some entry-level cars 
      

        The renewed Middle East conflict has disrupted global trade routes and energy markets, driving up prices of key inputs and pressing companies to pass on higher costs to customers
      

        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, Maruti said in a statement
      

        Company joins peer Tata Motors Passenger Vehicles TAMO.NS, which has also 
        raised
         prices twice while Mahindra & Mahindra MAHM.NS and Hyundai Motor India HYUN.NS have raised once each 
Shares closed 0.6% higher at 13,597 rupees reversing course from earlier in the day 
($1 = 96.2325 Indian rupees)

 (Reporting by Urvi Dugar in Bengaluru; Editing by Nivedita Bhattacharjee)
 ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))