From April 2025, the prices of the car range of Renault and Maruti Suzuki – India’s top automobile manufacturers – will be higher than before. And that’s not at a time when input costs are rising off the charts, inflationary pressure is rising off the charts, and compliance costs are off the charts.

Why Are Renault and Maruti Suzuki Increasing Prices?

The automobile sector Renault and Maruti Suzuki has been witnessing a surge in costs due to various factors, including:

• Higher Raw Material Costs: Various essential materials like steel, aluminium and plastics have become more expensive.
• Price Revision Due to Rising Manufacturing Expenses: This includes logistics, energy, and labour costs.
• Stricter Emission Norms: Adding to it is strict BS6 Phase 2 and meeting upcoming safety regulations.
• Currency Fluctuations: The depreciation of the Indian Rupee against major currencies has affected import costs.

Expected Car Vehicle Price Renault and Maruti Suzuki Hike

Both automakers haven’t given out the actual Renault and Maruti Suzuki price hike but it is estimated by industry that it will be around 1% to 3% for some of its models. That will affect entry-level hatchbacks, sedans and SUVs in those respective portfolios.

Maruti Suzuki’s Statement

The reasons cited by Maruti Suzuki India, the country’s largest car manufacturer, that have led to the hike were “rising input costs and regulatory changes.” Customers can be sure that the company continues to provide value despite the increase.

Renault India’s Perspective

Renault India has also confirmed that the price of its popular models like the Kiger, Triber and Kwid is being changed. It added that it is trying to absorb a proportion of the cost escalation but that it will be forced to pass on some elements to customers.

Impact on Consumers to Buy Car

• This is why customers, planning to buy Maruti Suzuki or Renault vehicles can make bookings before the end of March to avoid the hike.
• Incidentally, higher interest rates and price hikes will lead to increased Car EMIs on loans.
• Some prices may rise because the price increase will take a while to flow in, but discount offers may still be available for particular models.

Conclusion

Renault & Maruti Suzuki’s price hike matches with the prevailing industry trend where automakers are forced to inflate prices due to their higher expenses. So, prospective buyers should take a look at official announcements and consider buying a car before the revision is made in April 2025.

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