The prices of Tata Motors vehicles are going to increase soon. The vehicle manufacturer has said that from the first of next month, all the company’s passenger vehicles will become expensive. On Sunday, Tata Motors announced that it would increase the prices of its entire passenger vehicle portfolio by an average of 0.7 per cent from February 1, 2024.
Therefore, Prices Will Increase
The domestic automobile giant has said it has decided to increase the prices of all Tata cars in India. This decision has been taken due to an increase in input costs. The company is going to increase prices to balance the prices partially. Let us tell you that the company has not disclosed the new prices. Are the prices after the revision known only next month?
Passenger Vehicles Will Become Expensive
After Tata’s decision, the new prices of passenger vehicles will be higher than the current prices. Tata Motors has clarified that the price increase will apply to internal combustion engine (ICE) powered cars and vehicles. Let us tell you that this decision has been taken after the launch of the recently launched Tata Punch EV.
Maruti Has Also Increased The Price
Before Tata Motors, Maruti Suzuki recently released a new price list. Maruti has decided to increase its vehicle portfolio by 0.45 per cent. Apart from Tata and Maruti Suzuki, several other carmakers in India have already announced price hikes in the last two months.
