Passenger cars from Tata Motors, the country’s largest automaker, will now be even more expensive. It is reported that the company may increase the price of all its passenger vehicles from next week. It is believed that the main reason behind this is the huge increase in the cost of buying steel and essentials. According to the data, the company will increase vehicle prices from next week.
Shailesh Chandra, chairman of Tata Motors’ Passenger Vehicles Business Unit, told PTI: “We have seen a steep rise in the prices of steel and other metals over the past one year. The decision is being made.
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Let us tell you that this is the third time Tata Motors is raising the price of its vehicles this year. In January, the company increased the prices of its well-known cars Tiago, Tigor, Nexon and Harrier. Subsequently, the company also increased the price of its premium hatchback Ultroz ​​and the new SUV Tata Safari in May.
Tata Motors says it has implemented a series of plans to mitigate the impact of a steep rise in the cost of purchasing essential goods, which has minimal impact on vehicle prices. According to the ex-showroom prices of the vehicles, this increase will be 3 per cent. “There is still a gap and prices of essential commodities are still high. Now we are forced to increase prices from next week,” said Shailesh Chandra.
Tata Motors is not the only car maker to increase passenger vehicle prices this year. Earlier this month, Maruti Suzuki India increased the price of CNG variants of the Swift hatchback and other models to Rs 15,000. Honda has announced that prices for its entire range of models will increase by August.
