Price Hike Alert: Buying Tata Motors cars has become expensive now.
Price Hike Alert: Buying Tata Motors cars has become expensive now. The company has announced today on Saturday 9 July. According to the statement issued by the company, the passenger vehicles of Tata Motors have now become 0.55 percent expensive and the increased prices have become effective immediately. The company has taken this decision to reduce the impact of increased cost. The company has already increased the prices of commercial vehicles. The price of commercial vehicles was increased by 1.5-2.5 per cent this month.
Tata Motors had earlier increased the prices in April also due to increase in cost. The price of passenger vehicles was increased by about 1.1 percent. At the same time, in April, Tata Motors had announced a 2-2.5 percent increase in the price of commercial vehicles.
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Prices will increase according to the variant and model
According to a statement issued by Tata Motors, it has been decided to increase the prices of its passenger vehicles by an average of 0.55 percent. However, how much the prices will increase, it is according to the variant and model i.e. the prices of all the vehicles have increased separately.
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Part of the increased cost is passed on to the customers
India’s leading automobile company Tata Motors has decided to increase the price of passenger vehicles due to the increased cost. However, the company has also said in its statement that the entire burden of increasing the cost is not being passed on to the customers, but efforts have been made to keep it to a minimum. The company sells many passenger vehicles in the Indian market including Punch, Nexon, Harrier and Safari.
(Input: PTI)
