Tata Motors has once again announced a hike in the prices of all its passenger vehicles. The domestic manufacturer today announced the price hike on July 9, 2022, and has increased the prices by an average of 0.55 per cent, depending on the variant. Tata Motors further claimed that it had “taken comprehensive measures to absorb a significant portion of the increased input cost”, but could not completely offset the increase, hence chose to increase the prices of its cars.
Tata Motors Last increased the prices of its passenger vehicles by 1.10 percent On average by the end of April 2022. Tata has recently increased the prices of its commercial vehicles by 1.5 to 2.5 percent, The rise in both these prices was also due to rising input cost.