Mumbai: Indian automaker, Tata Motors has increased the prices of its vehicles in India. The price hike will be effective across the homegrown automakers’ model line-up, to offset the rise in the input costs. Tata cars will be now costlier by 1.1 per cent on average depending on the variant and the model. The price hike will affect car prices starting today i.e., 23 April 2022.
This is not the first time Tata Motors has increased the prices of its vehicles. They announced a similar price hike at an average increase of 0.9%, depending on the variant and model back in January 2022. At the time of the hike, the Indian automaker cited similar reasons for the increased prices.
The hike of 1.1 per cent will be applicable on all models, namely Tiago, Tigor, Nexon, Altroz, Punch, Harrier, Safari, Nexon EV, and Tigor EV.
In a statement in January 2022, Tata said, “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.”
Apart from Tata Motors, other OEMs have also increased the prices of their offerings recently. Earlier this month, Mahindra hiked the prices of its products by Rs. 10,000 to Rs. 63,000. The increasing cost of raw materials and other input costs are the driving forces behind these hikes.
Also, Tata Motors is preparing to unveil a new electric vehicle by the end of this month. It is anticipated to be the long-range version of the Nexon, which is expected to deliver a real-time range of around 400 km. The electric SUV will come with a larger 40 kWh battery pack.
The homegrown carmaker has also unveiled the new Curvv concept. It dons an athletic silhouette with a coupe-like roofline. The company is claiming that it will first go on sale as an electric vehicle, then followed by its launch with IC engines. As of now, the brand is not planning to introduce a strong hybrid iteration of any of its models. The Curvv concept also debuts the company’s new Generation-2 architecture.