The prices of Tata’s flagship models have risen by an average of 0.8 percent.
Since August 3, the prices of Tata’s flagship models have risen by an average of 0.8 percent. However, the firm has said that the vehicles in its ‘New Forever’ series. Which are booked till August 31st or earlier. These price hikes will have no effect on them.
Tata Motors’ range includes models such as Tiago, Tigor, Nexon, Altroz, and Harrier. The company’s decision to raise the price of raw materials was most likely motivated by increasing raw material costs. Tata Motors President Passenger Vehicles Business Unit Shailesh Chandra told PTI last week that the firm has passed on just a tiny portion of the burden of increasing raw material prices to consumers.
It’s worth mentioning that Maruti Suzuki India raised the cost of several of its models by up to Rs 15,000 in the first month of July. Similarly, Honda has stated that all of its models would see price increases beginning in August.