Tata Motors Price Hike: Veteran auto company Tata Motors has once again decided to increase the prices of its cars. Confirming this, Tata Motors said that its passenger car division will revise the prices. This will be the second time in this financial year that the prices of Tata Motors’ passenger cars will increase. The Indian auto company has issued a statement giving information about the decision to increase the prices of its cars and SUVs. According to the company, this decision is being taken due to the sharp increase in input costs. According to the statement issued, due to the increase in the price of steel and other precious metals, raw material is becoming expensive for the company, due to which a part of this increased part is being passed on to the customers.
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Prices will increase for the second time in this financial year
Talking about the current financial year, Tata Motors is going to hike the price for the second time. Earlier in May 2021, the company had increased the prices of its cars and SUVs. In May, the prices of many models of Tata cars and SUVs were increased by up to Rs 36,000. Tata’s Tiago, Tigor, Altroz, Nexon, Harrier and Safari vehicles became expensive. This time how much Tata Motors will increase the prices of its cars and SUVs, it has not been announced yet, but according to the company, an announcement related to this will be made soon. It is not yet decided which models will increase the price but it is likely that the prices of all the six models will increase.
No offer package has been announced yet this month
Last month, in June 2021, Tata Motors was giving discounts and benefits of up to Rs 65 thousand on its vehicles to the customers. The company constantly updates its offers every month but till now Tata Motors has not announced any offer package for July 2021 this month. The company provides offer packages as per industry practices.
(Article – Rahul Kapoor)
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