Tata Motors has announced a marginal price hike on its passenger vehicle range. Having said that, the homegrown automaker is giving an average increase of 0.9 percent depending on the variant and model. This price hike will be effective from January 19 onwards. Besides this, the company has also taken a reduction of up to Rs 10000 on specific variants. This has been done on the basis of the feedback received from the customers. The Passenger Vehicle range includes models like Tata Nexon, Tata Harrier, Tata Tiago, and many more.
“While the company is absorbing a significant portion of the increased costs, the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike," as commented by Tata Motors.
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Tata Motors has always focused on a customer-first approach. Hence, the automaker has again decided to offer price protection to all its customers who have shown utter faith and confidence in Tata’s New Forever range. All the bookings done on and before January 18, 2022, will come under this offer.
With this, the homegrown automaker joins the likes of the car market leader Maruti Suzuki who increased the prices of its models in the range of 0.1 percent to 4.3 percent a few days back. Furthermore, Tata increased the prices of its Passenger Vehicle range by an average of 0.8 percent last year in the month of August depending upon the variant and model.
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