Tata Motors Hike Prices: People are feeling the impact of inflation from all sides. Earlier, buying petrol and diesel was getting heavy for the people and now their dream of buying a car is going to be expensive. The company has taken this decision after the increase in the cost of making the vehicle. Earlier, the country’s largest carmaker Maruti Suzuki had increased the prices of its cars.
such a percentage increase
According to the report published in CNBC-TV18, Tata Motors has increased the price of its vehicles by about 1.1%. The prices of the vehicle will be decided according to the model and variant. Let us tell you that in the last one month, Tata Motors has increased the price of its vehicles for the second time. Earlier on March 22, the company had increased the price of its commercial vehicles. This increase was made by 2-2.5%. This increase has also been implemented from 1 April 2022. Let us tell you that the increase of 1.1% in the price of passenger vehicles has been implemented from today itself i.e. from 23rd April 2022. That is, from today your dream of buying a car has become expensive.
The company cited cost escalation
Tata Motors has attributed the increase in the price of its vehicles to the higher cost. The company says that the prices of many things like aluminum, steel and other metals and other commodity materials have increased in recent times. This has also increased the cost of the company. In such a situation, due to the increase in cost, the company has decided to increase the price of passenger vehicles. This decision has been taken to manage the input cost of the company.
Maruti Suzuki also increased the price of its car
At the same time, the country’s largest carmaker Maruti Suzuki had increased the prices of its car on 18 April. This increase was around 1.3%. Maruti Suzuki had also cited the increasing cost in making the cars.