India's top carmaker Maruti Suzuki on Friday said it will hike car prices by up to 4% to tackle rising raw material and operational costs, as it joins rival Hyundai Motor India. Maruti's shares rose as much as 1.

Maruti Suzuki cars like Swift, Dzire, Baleno, Ertiga, Brezza, and others will get expensive from January 2025.

The stock moved up 1.73 per cent to trade at Rs 11,374.55. It was last seen trading 1.30 per cent higher at Rs 11,326.55. At this price, it has gained 10.16 per cent on a year-to-date (YTD) basis.

India's top carmaker Maruti Suzuki and smaller rival JSW MG Motor on Friday said they will hike car prices to tackle rising raw material and operational costs, joining Hyundai Motor India .

Maruti Suzuki has announced that it will increase the price of all its cars a day after similar decision taken by Hyundai Motor.

Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during November.

Car prices are going up. Maruti Suzuki announced a price hike of up to 4% starting January 2025. Rising costs are impacting the business. The price increase will vary across models. The company is working to lessen the impact on customers.

Maruti will carry out a price hike by up to four percent across the board, that includes models from both its Arena and Nexa lineups

Maruti Suzuki India will raise vehicle prices by up to 4% in January 2025, citing rising input costs. Hyundai Motor India also announced price hikes o

Maruti Suzuki has cited a price increase as the reason for its recent move. Other car brands, including JSW, MG Motors, and Hyundai, have also made similar decisions.