Tata Motors hikes cars prices by 1.8%

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Tata Motors hikes cars prices by 1.8%



New Delhi: Tata Motors, India's leading vehicle manufacturer, has announced that from May 8 it will increase prices of its passenger vehicles, averaging 1.8%, depending on the variant and model.

However, the customers who have booked Tata passenger vehicles on or before May 7 will be protected from this increase, the company said. Tata Motors had recently announced that it has set in motion a comprehensive 'Business Agility Plan' to protect and serve the interests of its customers, dealers and suppliers.

Shailesh Chandra, president – passenger vehicles business, Tata Motors, said, "Increase in prices of commodities, such as steel and precious metals, necessitates us to pass on a part of it through increase in price of our products. Keeping in mind the interest of customers who have booked cars already, we are offering price protection for all bookings done on or before May 7, 2021. Our 'New Forever' product range continues to witness strong acceptance in the market and we are thankful to our customers for their continued trust in the brand."

Source: https://auto.economictimes.indiatimes.com/news/passenger-vehicle/cars/tata-motors-hikes-cars-prices-by-1-8/82451021