After Maruti, Tata Motors Also Increase Price: Pay Upto Rs 10,000 More For Bestselling Cars

A considerable price hike has been announced by Tata Motors for its passenger vehicles. 

The increase that has been announced is an average increase of 0.9 percent, and it will be effective from tomorrow.

Read on to find out more about this new price hike announced by Tata Motors!

Tata Motors Announces Price Hike In Passenger Vehicles

The average increase of 0.9 percent will be dependent on the variant and model of Tata Motors. The company has also announced some input costs to customers.

As per Tata Motors, “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.”

The company has reduced the prices of some of the variants of the passenger vehicles by as much as Rs. 10,000 as a response to the feedback it received from the customers. 

Tata Motors has announced that the price hike will not be applicable on bookings made on or before January 18. 

Recently, Hero Motocorp has now announced that there will be a hike in the prices of its motorcycles and scooters. The price hike will be applicable on ex-showroom prices of the company’s motorcycles and scooters up to Rs. 2000; the exact quantum of increase will be variable as per the model and the market.

Maruti Suzuki Announces Price Hike

In addition to that, citing a rise in input costs, Maruti Suzuki has announced a price hike set to take effect in January 2022.

The price increase will vary for different models but no details have been given yet regarding that or the quantum of the hike. This is the fourth hike in the last year, with the previous ones announced in March, July, and September.

It increased prices by 1.4 percent in January, 1.6 percent in April, and 1.9 percent in September, taking the total quantum to 4.9 percent. The carmaker said that the costs of its cars have been hit due to “increase in various input costs”.

Srivastava explained that material costs typically account for 70-75 per cent of the total cost to the manufacturer.