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Tata Motors on Friday said that it is increasing the price of its passenger vehicles, which will be effective from today onwards. The price increase can go up to ₹26,000, depending on the variant.
The company will offer protection from the price increase to customers who have booked Tata passenger vehicles on or before January 21, it said in a statement.
Rising input costs and material costs of steel, precious metals and semi-conductors have compelled the company to pass on a part of the cost to customers, said Tata Motors.
Automakers like Maruti Suzuki, Mahindra & Mahindra, Hero MotoCorp, Mercedes-Benz, Volkswagen, Hero MotoCorp, Nissan, Renault India, Honda Cars, Ford India, Isuzu, BMW India and Audi India had already announced price hikes effective from this month.
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