The country’s leading automobile maker, Maruti Suzuki India Ltd, has reportedly decided to raise car price from January 2025 by as much as 4%. While it is endeavoring to minimize the burden on its customers, the company will be left with little option but to increase prices as inputs and operational costs have risen considerably.
Despite this, the company’s stock has been going strong. Maruti Suzuki shares gained 3.27% on the NSE, closing at ₹11,575. It has seen a two-day gain of over 6%.
Maruti Suzuki has seen a 30% rise in total wholesales in December 2024. The company delivered 178,248 units compared to 137,551 units in December 2023. Domestic sales rose by 24.44%, with 132,523 units sold, including light commercial vehicles and Toyota Kirloskar Motor supplies.
Maruti Suzuki price will see massive raise despite more units sold
Sales of passenger vehicles grew by 24.18 percent to 130,117 units. Compact models like Swift, Baleno, and WagonR are selling in good numbers with 54,906 units sold compared to 45,741 units sold last year. Utility vehicles, including Brezza and Ertiga, have also been doing well with sales at 55,651 units compared to 45,957 units in December 2023. Mid-sized sedan Ciaz sales declined slightly with 464 units sold compared to 489 units sold last year.
Exports climbed significantly, rising to 37,419 units from 26,884 units in December 2023, reflecting Maruti’s expanding global footprint. The company’s production numbers also showed robust growth, with utility vehicle production increasing to 64,212 units from 44,290 in the same period last year.
Maruti Suzuki has started exporting its Fronx SUV to Japan in August 2024. This is the first time the company has brought a made-in-India SUV to the Japanese market, marking a significant milestone for the Gujarat facility.
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