Tata Motors has decided to increase the prices of cars in the passenger vehicle (PV) segment. The company said that it will increase the prices of cars by up to 1.8%. However, the company has not given information about how many rupees will be increased on which model. The company says that different prices will be increased on different models.
New prices will be applicable from 8 May
Tata said that customers who have booked the car on or before May 7 will be given the car at the same price. That is, the new prices will be applicable on the booking starting from 8 May. In such a situation, it is a relief for the customers who have booked their cars from today to today.
The effect of raw materials being expensive
Shailesh Chandra, president of the passenger vehicle business at Tata Motors, said that prices of steel, precious metals and raw materials were steadily rising, which is impacting the manufacturing of the car. This is why we have to increase the production value of the car.
Maruti has already increased prices
Since April 16, the company has increased the prices of some models. Customers will now have to spend up to 1.6% (Rs 22,500) more money to buy a car. The price has been increased in the ex-showroom price of the car. The company says that the prices have been raised due to the increase in the prices of raw materials used in the car.
Alto has become expensive by Rs 12,500. At the same time, the price of Artiga has been increased by Rs 22,500. The car called the mini SUV, the S-Preso, has now become expensive by Rs 7,500.
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