Maruti Suzuki India and Mahindra &amp; Mahindra on Friday announced plans to hike vehicle prices from January in order to offset the impact of rising input costs and operational expenses.Maruti Suzuki, the country's largest carmaker, will hike prices of its model range by up to 4% from January. Mahindra &amp; Mahindra is increasing prices of its SUV models and commercial vehicles by up to 3%.The price increase is expected to be up to 4% and will vary depending on the model, it added."While the company continuously strives to optimise costs and minimise the impact on its customers, some portion of the increased cost may need to be passed on to the market," it stated.Mahindra &amp; Mahindra said it will hike prices of its SUVs and commercial vehicles by up to 3% from January next year.The adjustment is in response to the rising costs due to inflation and increased commodity prices, Mahindra &amp; Mahindra (M&amp;M) said in a statement.Similarly, JSW MG Motor India said it will also increase prices of its entire model range by up to 3% from next month.On December 5, Hyundai Motor India announced to increase prices of its vehicles across the model range by up to Rs 25,000 from January 1, 2025.

Maruti, Mahindra to hike vehicle prices

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