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Prices for Tata Motors passenger cars, including the Tata Tiago, Tata Punch and Tigor, will increase today from 1 February 2022.
On a weighted average basis, all vehicles see an increase of 1.2%.
According to Tata Motors, the price increase is due to higher overall input costs. In January, automakers increased commercial vehicle prices by up to 2%.
In a statement, Tata Motors said, “The company has absorbed a significant portion of the increased costs due to regulatory changes and higher overall input costs, and has passed on some through this price increase.
The company sells various models such as Nexon, Harrier, Safari and Punch in the domestic market.
Earlier in January, rival and top Indian automaker Maruti Suzuki increased prices by an average of 1.1% across its models, citing similar cost pressures.
India has required automakers to comply with stricter fuel economy standards since April this year, and will also require all vehicles to be equipped with six airbags by October.
Recently, Mahindra also increased the price of the Scorpio-N and Scorpio Classic.The automaker has to raise the price of his SUV by the maximum. ¥Up to 85,000 and Scorpio-N ¥10,000 rupees.
Hyundai has also increased the price of its premium hatchback i20 and a sportier version of the i20 N-Line.With its second price hike in just over four months, the Korean automaker has pushed the i20’s price to its highest level. ¥21,500.Hatchback prices start now ¥at 71,800 rupees, ¥Rs 116,800 (ex showroom) for top spec Ast (O) variant with DCT transmission.
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