Business information: Tata Motors right this moment (April 15) mentioned it can enhance prices of its passenger vehicles from May 1 to partially offset enhance in enter prices. The weighted common enhance might be 0.6 per cent, relying on the variant and mannequin, Tata Motors mentioned in an announcement.
This would be the second value hike by the corporate for its PVs after it had elevated in February.
“Tata Motors has been absorbing a significant portion of the increased costs on account of regulatory changes and rise in overall input costs and is hence compelled to pass on some proportion through this hike,” it mentioned.
The firm sells a variety of passenger vehicles, together with vehicles similar to Tiago, Tigor and Altroz; and SUVs similar to Punch, Nexon, Harrier and Safari, with prices ranging from Rs 5.54 lakh and Rs 25 lakh.
Earlier in February this 12 months, the corporate had elevated prices throughout its inner combustion engine (ICE) portfolio of passenger vehicles at a median of 1.2 per cent.
(With PTI inputs)
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