Winning Bizness Desk
Mumbai.Maruti Suzuki has announced a price hike of up to 4% on its cars, effective from April 2025. The increase will vary across different models. The company cited rising raw material and operational costs as the reason behind this decision. Earlier, on February 1, 2025, Maruti had raised car prices by up to ₹32,500. In January, the company had also increased prices by up to 4%, attributing it to higher raw material costs.
Sales Increased by 0.32% in February
In February 2025, Maruti sold a total of 1,60,791 cars, marking a slight increase of 0.32% compared to the 1,60,272 units sold in February 2024. However, on a monthly basis, sales declined by 7%, as the company had sold 1,73,599 cars in January 2025. Among the various models, the Fronx emerged as the top-selling car, with 21,461 units sold.
Maruti's Share Price Rises After Price Hike Announcement
Following the announcement of the price increase, Maruti Suzuki’s share price jumped 2% to ₹11,752. However, it later settled at ₹11,531, closing with a marginal gain of 0.15%. Over the past year, the company's stock has remained flat. In the last six months, it has dropped by 6%, while in the past month alone, the stock has seen a 10% decline.
Q3 Profit Up by 16%
In the third quarter of the 2024-25 financial year, Maruti Suzuki reported a consolidated net profit of ₹3,727 crore, reflecting a 16% annual growth. In the same quarter of the previous year, the company had recorded a profit of ₹3,206 crore. Maruti's operating revenue stood at ₹38,764 crore, marking a 15.67% increase compared to ₹33,512 crore in the corresponding quarter of the previous year.
Maruti’s Journey Since 1981
Maruti Suzuki was established on February 24, 1981, as Maruti Industries Limited under the ownership of the Indian government. In 1982, it entered into a joint venture with Japan’s Suzuki Corporation, forming Maruti Suzuki India Limited. The company launched India’s first budget-friendly car, the Maruti 800, in 1983 at an ex-showroom price of ₹47,500, making car ownership accessible to a large section of the population. Over the past 40 years, Maruti Suzuki has sold nearly 30 million vehicles across the country.
