Tata Motors Price Hike: As the new year begins, automakers start increasing the prices of their cars in India. Apart from this, automakers adopt the same approach at the beginning of the new financial year and companies have made a trend in the Indian market. Apart from Maruti Suzuki, Mahindra, Honda, companies like Mercedes-Benz, Audi and Volvo have announced to increase the price of cars from April 2022. Now Tata Motors has announced an increase in the price of all its cars in India with immediate effect. Like the rest of the companies, Tata has also cited the increase in cost price as the reason for the increase in prices.
up to 1.1 percent
Tata Motors has increased the prices of all passenger vehicles by 1.1 percent, depending on the model and variant of the car. The company has implemented the increased prices in India from today. At present, the company has given information about the total increase in the price of all the vehicles, while the price of which car has increased according to the model, this information has not been revealed yet. The company says that due to the steep increase in the cost price, it was necessary to increase the prices of the cars and a small part of the total increase has been passed on to the customers.
Price hiked up to 1.3 percent
After many big automakers in April, now the country’s largest automaker Maruti Suzuki has also announced to increase the prices of its cars. The company has announced an increase in the price from Monday, April 18, 2022, citing the increase in the cost price. In its regulatory filing, Maruti Suzuki has given information about increasing the prices of all cars by 1.3 percent. The company said that a small part of the increase in cost price is being given to the customers.
Mahindra’s car prices also increased
Along with automakers like Mercedes-Benz, Audi and Maruti Suzuki, Mahindra Automotive has also increased the prices of their cars by Rs 10,000 to 63,000. This increase has been done with different models and variants. Mahindra has also cited the increase in cost price on the lines of other companies as the biggest reason for increasing the prices of cars. The company says that the company has taken this decision after increasing the prices of steel, aluminum, palladium and many other things in the market.