Overview
The market leader in automobiles, Maruti Suzuki India, declared on Thursday that it will begin raising prices for a number of models by up to Rs 32,500 on February 1, 2025. This change is a reaction to the rising operational and input costs the business has been dealing with. This decision comes after the corporation said in December 2024 that it will raise prices by up to 4% in January 2025 in order to offset growing expenses. Each model has a different rise in magnitude.

Price Hikes on Specific Models
The company is unable to pass on part of the higher costs to the market, despite its dedication to cost optimization and minimizing the impact on customers, according to the regulatory filing.

The company’s small car, the Celerio, would experience an ex-showroom price hike of up to Rs 32,500 under the new pricing, while the luxury variant, the Invicto, will see a price increase of up to Rs 30,000. The price of Swift will increase by Rs 5,000, while that of the company’s well-known Wagon-R model will increase by up to Rs 15,000. Price increases of up to Rs 20,000 and Rs 25,000 would be implemented for the SUVs Brezza and Grand Vitara, respectively.

According to the filing, the Alto K10 and S-Presso, two entry-level small cars, will see price increases of up to Rs 19,500 and Rs 5,000, respectively. It further stated that the price of the premium small model Baleno, the compact SUV Fronx, and the compact sedan Dzire would increase by much to Rs 9,000, Rs 5,500, and Rs 10,000, respectively. Currently, the company offers a variety of automobiles, ranging from the entry-level Alto K-10, which starts at Rs 3.99 lakh, to the Invicto, which costs Rs 28.92 lakh.

Maruti Suzuki Past Sales Record
The company revealed that overall passenger vehicle sales increased significantly from 134,158 units sold in November 2023 to 141,312 units sold in November 2024. With 144,238 sold domestically, 8,660 sold to other original equipment manufacturers (OEMs), and 28,633 sold abroad, the total number of vehicles sold was 181,531.

Maruti Suzuki India Ltd. announced that its total wholesale sales in December 2024 increased by 30% to 178,248 units from 137,551 units in the same month the previous year. According to a regulatory statement from Maruti Suzuki India, total domestic sales, including light commercial vehicle sales and deliveries to Toyota Kirloskar Motor, were 132,523 units last month, up 24.44 percent from 106,492 units in December 2023. Further, domestic passenger vehicle (PV) sales increased by 24.18% to 130,117 units in December 2024 from 104,778 units in the same month the previous year.

Sales of small cars, including the Alto and S-Presso, increased to 7,418 last month from 2,557 during the same period last year. In a same vein, sales of small cars including the Baleno, Celerio, Dzire, Ignis, Swift, and WagonR increased to 54,906 units from 45,741 units in December 2023. According to the firm, sales of utility cars, including as the Brezza, Ertiga, Fronx, Grand Vitara, Invicto, Jimny, and XL6, increased to 55,651 units in December 2024 from 45,957 units in the same month the previous year. Ciaz mid-sized sedan sales decreased to 464 units from 489 units in December 2023.

According to MSI, its exports in December increased to 37,419 units from 26,884 units in the same month the previous year.

Q2 Results were largely flat
Maruti Suzuki India’s Q2 FY25 net profit of Rs 3,069 crore fell 17.4% year over year, falling short of the Rs 3,710 crore forecast. Revenue met the Bloomberg estimate of Rs 37,229 crore, up 0.4% year over year to Rs 37,203 crore. EBITDA dropped 7.7% from the same time last year to Rs 4,417 crore, which was also less than the Rs 4,712 crore expectation. At 11.9%, the EBITDA margin decreased 100 basis points year over year. A significant increase in tax outgo, which increased to Rs 1,015 crore in Q2 from Rs 67 crore in Q1 of last year, was the main cause of the decline in profit.

Maruti Suzuki Share Price History
Over the past five sessions on the NSE, Maruti Suzuki India Ltd.’s shares have essentially remained unchanged, down 0.74%. The stock price has increased 9.67% in the last six months, while shares have increased more than 20% on the NSE in the last year. On January 24, Maruti Suzuki India’s stock fell 0.80% during the day to a low of Rs 11,949.35 a share. At 23,092.20, the benchmark Nifty 50 was down 0.49%.

Q3 Result Date announced
The results for the quarter that concluded on December 31, 2024, will be released shortly by Maruti Suzuki India Ltd. The biggest automaker in the nation, Maruti Suzuki India, offers a variety of sedans, hatchbacks, MUVs, and SUVs. The company wants to be the top EV manufacturer in the nation and recently unveiled the eVitara, its first electric vehicle. Maruti Suzuki was founded in 1981 and is currently valued at about Rs 3.75 lakh crore. The stock exchanges have previously been notified by the business of the release of its Q3 results.

In an exchange filing on January 13, Maruti Suzuki India stated that its board of directors will meet on Wednesday, January 29, to approve and announce the financial results for the quarter ending in December 2024. In a stock exchange filing, the firm announced that its board of directors will meet on Wednesday, January 29, 2025, to review and approve, among other things, the unaudited financial statements for the quarter that concluded on December 31, 2024.