Looking to buy a Tata Motors car? Here's an important update
The hike comes in the backdrop of the automaker's aim to offset the steep rise in procurement cost of essential materials
Tata Motors on August 2 said it has increased prices of its passenger vehicles by 0.8%. Tata Motors said it will offer protection from the price increase for ‘New Forever range’ of vehicles that will be retailed on or before August 31.
This is the third time Tata Motors is hiking prices this year. It had increased prices of Tiago, Tigor, Nexon, Nexon EV and Harrier in January. This was followed by another round of hike in May.
The hike in its passenger vehicle prices comes in the backdrop of the automaker’s aim to offset the steep rise in procurement cost of essential materials.
The company had recently announced that it has set in motion a comprehensive Business Agility Plan’ to protect and serve the interests of its customers, dealers and suppliers.
Earlier, the country’s largest carmaker Maruti Suzuki India had also hiked prices of hatchback Swift and CNG variants of other models by up to Rs 15,000 to counter increase in input costs.