Tata Motors to Raise Prices of Passenger Vehicles by 0.6% from July 17

Tata Motors to Raise Prices of Passenger Vehicles by 0.6% from July 17

Indian car maker Tata Motors has revealed plans to increase prices of its passenger vehicles by an average of 0.6% across models and variants from July 17. According to a statement by the company, the price hike is aimed at offsetting the residual impact of past input costs. This move follows previous price increases of 1.2% in January and 0.6% in April, which were linked to rising input costs and regulatory adjustments. Tata Motors reported a nearly 30% increase in total expenses for the quarter ended March 31, primarily driven by higher material costs. This price increase in passenger vehicles across segments in India is a result of the government’s requirement for automakers to fit monitoring devices to track emissions, leading to higher costs for manufacturers and consumers alike.

TIS Staff

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