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Tata Motors announces price hike for passenger vehicles

18/01/2022 at 12:36 PM

Mumbai, Jan 18: Auto major Tata Motors on Tuesday announced a hike in the prices of its passenger vehicles.

The average increase of 0.9 percent, depending on the variant and model, will be implemented from January 19 onwards.

“While the company is absorbing a significant portion of the increased costs, the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike,” the company said in a statement.

Tata Motors has also taken a reduction of up to Rs 10,000 on specific variants following feedback from customers.

The company said there will be no impact of the price hike on bookings made on or before January 18.

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