Tata Motors has increased the prices of all its passenger autos in India. The carmaker has announced that it has increased the cost of all its passenger autos in India by 0.9%. This price hike will be applicable from November 7, 2022 across the models of vehicles available across the country. Also Read – Tata Will Hire 45,000 Girls At Its Apple iPhone Elements Plant
India’s leading automaker Tata Motors has announced a marginal increase in the prices of all its passenger vehicles. Effective November 7, 2022, the weighted average growth depending on the variant and model will be 0.9%,” Tata Motors mentioned in an announcement. Also Read – Tata Tiago NRG CNG to be Launched in India Soon
Which vehicles are affected by the price hike
In second place, Tata Motors sells a variety of passenger autos under the Tata Punch, Tata Tiago, Tata Tigor, Tata Altroz, Tata Nexon, Tata Harrier and Tata Safari brandings. With this price hike, the prices of all these vehicles, along with all their variants, will be available starting at Rs. Also Read – Tata Play Binge App Now Available for Non-DTH Customers: Check Details
Fourth price hike this year
Significantly, this is the fourth time that the company has increased the prices of its passenger vehicles in India this year. The price hike was introduced for the first time on January 19, 2022. At that time, Tata Motors had increased the prices of its vehicles by 0.9%. The second price hike happened on April 23, 2022. At that time, the company increased the value of its vehicles by 1.1%. The last price hike happened on July 9, 2022. At that time, the carmaker increased the cost of its vehicles by 0.55%.
why the price hike
As far as the reason for this price hike is concerned, Tata Motors at a launch said that the latest round of price hike comes on account of the increase in the general entry price. The carmaker also said that it is absorbing a major part of this price hike. But now, it has decided to reduce a fraction of that price increase for consumers.
“The company is absorbing a significant portion of the increased cost, but the sharp increase in the overall input cost has forced it to pass some proportion through this minimal price hike,” the company said in its claim.
