Tata Motors announces a marginal price hike on its passenger vehicles
Mumbai, January 18, 2022
Automobile manufacturer Tata Motors today announced a marginal hike in the prices of its passenger vehicles.
"Effective January 19, 2022, an average increase of 0.9% will be implemented, depending on the variant and model," a press release from the company said.
"At the same time, the company has also taken a reduction of up to Rs 10,000 on specific variants, in response to feedback from customers," the release 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.
"In line with the company’s customer-first approach, it has again decided to offer price protection to all its customers who have reposed the faith and confidence in the Tata Motors’ New Forever range," it said.
The company said there would be no impact on Tata cars booked on or before January 18.