Maruti Suzuki and Hyundai plan new car price hikes before January
By Arjun Ramanarayanan, IndiCar · Published 30 October 2026 · News
Maruti Suzuki has raised prices three times this year, by up to Rs 30,000 at a time, and plans another increase within six months. Hyundai is weighing a hike before January.
Key takeaways
- Maruti Suzuki plans another price increase within six months after three hikes this year.
- Maruti's revisions were up to Rs 30,000 in June, up to Rs 30,000 from August 1 and up to Rs 20,000 in September.
- Hyundai may raise prices before January if commodity costs stay high, but expects them to ease.
- Maruti's Q2 net profit fell 26.4 percent to Rs 2,466.1 crore despite record sales of 6,96,654 vehicles.
- Steel and copper costs drive the increases; the size of the next hikes has not been announced.
More car price increases are coming. Maruti Suzuki has already raised prices three times and plans another increase over the next six months. Hyundai Motor India is considering a hike before January if commodity costs stay high. Neither carmaker has said how large the next increase will be or exactly when it will land.
What each carmaker has said
Maruti Suzuki's MD and CEO Hisashi Takeuchi confirmed the company is planning another increase over the next six months. He said Maruti wants to soften the blow: "We are doing everything possible to mitigate the impact of price increase." Maruti has also said the next round will come at the appropriate time in the second half of the year.
Hyundai's position is conditional. It is considering a price hike before January, but only if commodity costs stay high. For both companies, the timing and size of any further increase depend on how those costs move.
Maruti's three price hikes so far
Maruti has raised prices three times: in June, in August and in September. Each figure below is a maximum, so your model may have gone up by less.
| Revision | Maximum increase | Scope |
|---|---|---|
| June | Up to Rs 30,000 | Price revision from June |
| August 1 | Up to Rs 30,000 | Across the portfolio |
| September | Up to Rs 20,000 | Selected models and variants |
The September revision is the hardest to read. Maruti did not publish a full model-wise and variant-wise breakup, and the Rs 20,000 figure is a ceiling, not a flat amount for every car. If you priced a Maruti before September and are only now ready to buy, do not assume the old number still holds.
Why costs are rising
The pressure comes from raw materials. Maruti points to commodities such as steel and copper as the main reason for further increases. It also cited adverse forex movements as a drag on its results.
Hyundai sees the same cost rise but has handled it differently so far. It has absorbed a significant portion of the increase in input costs rather than passing it all to buyers. It expects commodity prices to ease as geopolitical tensions subside, which is why its hike is framed as a possibility rather than a plan.
Record sales, lower profit
Both carmakers are selling more cars and earning less on them. Profits at Maruti Suzuki and Hyundai Motor fell despite record sales and volumes. Maruti's latest quarter shows the gap clearly.
| Maruti Suzuki, Q2 | Figure |
|---|---|
| Vehicles sold | 6,96,654 |
| Change in volume, year on year | Up 26.5 percent |
| Consolidated net profit | Rs 2,466.1 crore |
| Net profit a year earlier | Rs 3,349 crore |
| Change in net profit, year on year | Down 26.4 percent |
The 6,96,654 vehicles sold were the highest for any quarter in Maruti's history. Volume rose by roughly the same proportion that profit fell. That is the case Maruti is making for higher prices: demand is strong, but each car is costing more to build.
How Hyundai's position differs from Maruti's
Maruti has a plan; Hyundai has a condition. Maruti has already passed costs on three times and has said another increase is coming within six months. Hyundai has absorbed much of the rise so far and expects commodity prices to ease, so its hike before January depends on costs staying high.
On the numbers available, a further Maruti increase looks far more certain than a Hyundai one. Maruti's chief executive has said it is planned, and the company has followed through three times already. Hyundai has left itself room to hold prices if steel and copper costs come down.
What this means if you are buying
If you have settled on a Maruti, the direction of prices is clear even if the size is not. The three revisions so far have each been up to Rs 30,000 or up to Rs 20,000, and the company has said more is coming. Waiting is unlikely to make the car cheaper.
If you are deciding on a Hyundai, there is less urgency. The company may raise prices before January, but it has tied that to commodity costs and expects those costs to ease. Neither outcome is confirmed.
Whichever brand you choose, work from the current on-road figure rather than a price you saw a few months ago. You can check today's numbers with the IndiCar on-road price calculator or browse all new cars with on-road prices. IndiCar gives you a written, itemised on-road breakup before you book, so you can see exactly what you are paying after the latest revision.
- Maruti: another increase planned within six months, size not announced.
- Hyundai: a hike before January is possible if commodity costs stay high.
- Past Maruti revisions were maximums, so the change on your model may be smaller.
Sources: Planning to buy a new car? Automakers plan fresh price hikes in coming months - , Maruti Suzuki Q2 profit falls 26 percent despite record sales, Maruti Suzuki Cars Get Costlier Again: Third Price Hike In 4 Months
Buying a new car through IndiCar
IndiCar arranges new-car purchases in Mumbai, Navi Mumbai and Thane. You book a new car on IndiCar at the on-road price shown on its car page, with the full price breakup: ex-showroom, RTO registration, insurance, TCS and FASTag. You book online with a refundable reservation, and IndiCar sources the car from partner dealer stock and handles the registration, insurance, paperwork and delivery.
You deal only with IndiCar from quote to delivery. Your phone number is never passed to a dealer, and you do not need to take the quote to a showroom to negotiate. See on-road prices and book or get a WhatsApp quote on +91 85916 41004.
Frequently asked questions
Is Maruti Suzuki raising car prices again?
Yes. MD and CEO Hisashi Takeuchi said Maruti is planning another increase over the next six months. The size and timing will depend on how commodity costs move.
How many times has Maruti raised prices so far?
Three times: up to Rs 30,000 from June, up to Rs 30,000 across the portfolio from August 1, and up to Rs 20,000 in September on selected models and variants.
Is Hyundai raising prices before January?
Hyundai Motor India is considering a hike before January if commodity costs stay high. It has absorbed a significant portion of input cost increases so far and expects commodity prices to ease.
Why are car prices going up?
Rising costs of commodities such as steel and copper. Maruti also cited adverse forex movements in its latest quarterly results.
Did every Maruti go up by Rs 20,000 in September?
No. Rs 20,000 was the maximum, applied to selected models and variants. Maruti did not publish a full model-wise and variant-wise breakup.
Tags: maruti suzuki, hyundai, car price hike, new car prices, commodity costs