Maruti Suzuki to Hike Car Prices Soon; Price Protection for Existing Bookings

• Maruti Suzuki India is considering a price hike for its vehicles due to a significant rise in raw material costs, particularly precious minerals.
• Senior Executive Officer Partho Banerjee stated that international political situations are impacting raw material supply, increasing production costs.
• The company aims to absorb costs as much as possible to minimize consumer burden but will eventually pass on unavoidable increases.
• A 'Price Protection Scheme' ensures customers who booked cars in January will pay old prices, even after the hike, offering financial relief.
• Maruti is also expanding production with a new Haryana plant by April 2026 and entering the EV segment with the 'e VITARA' SUV launch this month.

Why It Matters: Maruti Suzuki plans a price hike due to rising costs, but existing bookings are protected under a new scheme.