Maruti Suzuki to Hike Car Prices: Alto to Wagon R to Become More Expensive

• Maruti Suzuki India, the country's largest car manufacturer, is considering increasing vehicle prices.
• The decision is driven by rising raw material costs and increased production expenses due to international geopolitical tensions.
• Senior executive Partho Banerjee confirmed that steel and precious metal prices have significantly risen, forcing a potential price hike.
• Maruti has a 'Price Protection Scheme' for existing bookings to mitigate the impact on customers, if possible.
• The company currently has 1.75 lakh pending orders and received 2.78 lakh new bookings in January, with production issues expected to ease after the Kharakhouda plant opens in April 2026.

Why It Matters: Maruti Suzuki is set to increase car prices due to rising raw material costs, impacting popular models.