Tata Passenger Vehicles Hit With Price Hike Due to Rising Costs

Abhay Singh
2 Min Read
Tata Motors

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.

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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.

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By Abhay Singh Journalist
Abhay has been with News Waker for over a few months and has covered various topics, from politics to business to sports. He is known for his engaging writing style and ability to explain complex issues in a way that's easy to understand.