Tata Motors hikes passenger vehicle prices

PTI, Jul 9, 2022, 12:43 PM IST

Image credit: Reuters / File

New Delhi: Tata Motors on Saturday said it has increased the prices of its passenger vehicle range with immediate effect to partially offset the impact of rising input costs.

A weighted average increase in the price of 0.55 percent will come into effect starting Saturday across the range, depending upon the variant and model, the homegrown auto major said in a statement.

The company has taken extensive measures to absorb a significant portion of the increased input costs, it said.

”However, to offset the residual impact of the accumulated increase in input costs, it is passing on a minimized price hike,” it added.

The company sells a range of models including Punch, Nexon, Harrier, and Safari in the domestic market.

Tata Motors has already hiked prices of its commercial vehicles range by 1.5 – 2.5 percent from this month.