Tata Motors To Hike Car Prices From January 19, 2022

Tata Motors has announced a marginal price hike on its passenger vehicles effective from January 19, 2022. The quantum of the price hike will average about 0.9 per cent, which will be implemented depending on the variant and model. In a press statement, the homegrown carmaker also announced that it has taken a reduction of up to Rs. 10,000 on specific variants, in response to feedback from customers. The company aims to offset the steep rise in overall input costs, through this price increment.

Also Read: Tata Motors To Increase Commercial Vehicle Prices By 2.5% From January 1, 2022

The price increase has been attributed to the rise in the cost of raw materials.

In an official statement, Tata Motors said, "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. In line with the company's customer-first approach, it has again decided to offer price protection to all its customers who have reposed the faith and confidence in the Tata Motors' New Forever range. Assures no impact on Tata cars booked on or before January 18, 2022."

The price increase is attributed to a steep rise in the cost of raw materials, and the carmaker has decided to pass on some proportion to customers through this minimal price hike. The company is offering price protection to all its customers who have booked Tata cars on or before January 18, 2022.

This is Tata's second price hike in less than six months.

Also Read: Maruti Suzuki Hikes Prices By 1.7% Across Models

This is the brand's second price revision in less than six months. The automaker had previously increased prices in August 2021 by up to 0.8 per cent. Earlier this month, Tata Motors increased the prices of its entire commercial vehicle range by up to 2.5 per cent from January 1, 2022. Last week, Maruti Suzuki also increased its car prices by 1.7 per cent across models from January 15, 2022.