Tata Motors Announces Price Hike For Its Passenger Vehicles

Business news

Both ICE and electric vehicles will be affected by the hike.


Tata Motors has announced an upcoming price hike across its passenger vehicle portfolio.

Prices of Tata's 'New Forever range of cars and SUVs' will go up by roughly 0.6%, and varying between models and variants. 

Both ICE products and EVs will be affected by the price revision.

The revised prices would come into effect on July 17, 2023. However, Tata is offering price protection on booking made till July 16th and deliveries till July 31st.

Tata Motors says the price hike is 'for 'offsetting the residual impact of the past input costs.'

The homegrown manufacturer had announced a price hike in April 2023 as well. 

Tata has been doing great in sales recently. While keeping its EV dominance safe, the manufacturer has been scaling the ICE business decently in the previous quarters.

It remains to be see how the upcoming price revision will impact its domestic sales.