Maruti Suzuki & Mahindra Likely To Keep Car Prices Unchanged In January
Maruti Suzuki and Mahindra expected to hold January car prices steady
Maruti Suzuki and Mahindra are expected to refrain from increasing prices of new passenger vehicles in January, despite ongoing cost pressures faced by the automotive industry. The decision is aimed at preserving demand stability at a time when market sentiment has shown signs of improvement.
Together, Maruti Suzuki and Mahindra account for nearly 54 percent of India’s passenger vehicle market. Maruti Suzuki continues to dominate with around 41 percent share while Mahindra holds close to 13.7 percent. Their pricing approach is being closely watched as it often sets the tone for the broader market.
Executives familiar with the matter said the cautious stance reflects an effort to maintain showroom footfalls and booking momentum that has built up following the rollout of GST 2.0 reforms. These changes have reportedly helped revive consumer interest after a period of subdued demand.
Other manufacturers, however, appear to be taking a different route. Tata Motors has indicated plans to raise prices across its passenger vehicle portfolio later in the current financial year, citing rising commodity and input costs. The company shared this outlook during its most recent earnings call but has not specified the size or exact timing of the increase.
Hyundai Motor India, which holds roughly 12 percent market share, has chosen not to comment on whether it will revise prices in January, keeping its strategy open-ended for now.
Meanwhile, MG Motor India has already announced a price hike of up to 2 percent effective from 1 January, making it among the earliest mass-market brands to implement an increase in the new year. Honda Cars India is assessing a potential price revision across its lineup from January, although details are yet to be finalised.
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