The automaker said that effective November 7, the weighted average increase will be 0.9%, depending on the variant and model.
New Delhi: Domestic automaker Tata Motors has announced a marginal price hike in its passenger vehicles (PVs) on 5 November. “Effective November 7, 2022, the weighted average growth will be 0.9%, depending on the variant and model,” the company said in a statement. The automaker said it is absorbing a significant portion of the increased cost, but the sharp rise in overall input cost has forced it to pass some proportion through this minimal price hike.
In July, the carmaker had announced a marginal increase of 0.55% on its PV range. The company sells a range of passenger vehicles across the country including the Tiago, Punch, Nexon, Harrier and Safari.
Tata Motors has registered total sales of 78,335 units as on November 1, a growth of 15.49 percent over October 2022. Tata Motors said in a statement that the company had sold a total of 67,829 units in the same month last year.
The total domestic sales stood at 76,537 units as against 65,151 units in the same month a year ago, which means there is an increase of 17 percent in sales. The sales of PV including electric vehicles in the domestic market stood at 45,423 units as against 34,155 units in the same month last year, registering an increase of 33 per cent.
PV exports were down 10 per cent at 206 units from 230 units in October 2021.