Safari to Altroz, Tata Motors to hike prices of cars from May 8
"Tata Motors has decided to raise the prices of its passenger vehicles across its entire fleet beginning May 8"
Tata Motors has decided to raise the prices of its passenger vehicles across its entire fleet beginning May 8. Tata Motors, an Indian automobile manufacturer, has announced that the prices of its vehicles will rise by an average of 1.8 % beginning tomorrow.
Tata Motors' announcement comes on the heels of several other automakers raising prices on select models in recent months. One of the primary reasons for Tata Motors' decision is the rise in commodity prices.
The hikes will apply to all Tata Motors passenger vehicles, with the amount varying depending on the variants and models. However, the automaker has assured customers that they will be able to book their vehicles by the end of today. Bookings made on or before May 7 will not be affected by the price increase, according to the company.
"Increases in commodity prices, such as steel and precious metals, necessitate us passing on a portion of it through an increase in the price of our products," said Shailesh Chandra, President of Tata Motors' Passenger Vehicles Business.
In order to protect the interests of customers who have already booked cars, we are offering price protection for all bookings made to date (on or before 7th May 2021). This price increase will take effect for bookings made after that date (effective 8 May 2021). Our 'New Forever' product line continues to be well received in the market, and we are grateful to our customers for their continued faith in the brand."
In India, Tata Motors currently offers a diverse range of vehicles across multiple segments. In February, the carmaker debuted the Tata Safari SUV, and it is also planning to drive some of its electric vehicles soon. Aside from Safari, Tata Motors' passenger vehicle lineup includes hatchbacks such as
In February, the carmaker debuted the Tata Safari SUV, and it is also planning to drive some of its electric vehicles soon. Aside from the Safari, Tata Motors' passenger vehicle lineup includes hatchbacks such as the Altroz, Tiago, and Tigor sedan, as well as SUVs such as the Harrier and Nexon, which also has an electric variant.
Tata Motors is still one of India's top vehicle manufacturers in terms of sales. In April, the carmaker sold 39,530 units in the domestic market, keeping it as the country's third largest OEM after Maruti and Hyundai. According to figures from last month, the carmaker's three best-sellers in India are Nexon, Tiago, and Altroz.
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Rahul Shrestha
