Tata cars are now more expensive as passenger vehicle prices rise


Tata Motors has announced a price hike for all of its passenger vehicles. An average increase of 0.55% in car prices across all segments took effect on Sunday. This means that any car, depending on variant and model, will have a slightly increased price. However, since the hike is less than one percent, it is unlikely to have a big impact on customers’ pockets. Also Read – Tata Motors Offering Discounts of Up to Rs 60,000 in July on Nexon, Safari, Harrier and More

“The company has taken significant steps to absorb a significant portion of the increased input costs. However, to offset the residual impact of the cumulative increase in input costs, it passes on a minimized price increase,” Tata Motors said. Also Read – Tata Nexon to Mahindra XUV 300: Top 5 Alternatives for Maruti Suzuki Brezza 2022

The price hike closely follows Tata Motors’ earnings report, which highlighted a colossal 48% year-on-year jump in global sales during the first quarter of 2022-2023. The company, which includes luxury brand Jaguar Land Rover, said it sold over 3.16 lakh units at the end of the June quarter this year. Last month alone, Tata Motors sold more than 45,000 passenger vehicles in India, of which 3,507 were electric vehicles (EVs) while the rest were ICE models. Also Read – Maruti Suzuki WagonR at Tata Punch: Top 5 Affordable Automatic Cars in India under Rs 8 lakh

Popular cars from Tata Motors, such as Hexa, Nexon, Tiago, Punch, Altroz, Harrier and Safari will now cost you more. However, individual prices for each vehicle are not available. However, the price increase quantum is expected to be released soon, so that customers have clarity. Electric vehicles from Tata Motors, Tata Tigor EV and Tata Nexon EV Max are also expected to see price increases. Notably, Tata Motors recently raised prices for its commercial vehicle range by 1.5-2.5% earlier this month.

Read full article here

Leave a Reply