Tata Motors to Hike Passenger Vehicle Prices From May 8, 2021

New Delhi, Could 7: Tata Motors on Friday mentioned it can improve costs of its passenger autos by a median of 1.8 per cent relying upon the mannequin and variant from Could 8, with a view to partially offset the rise in enter prices.

The auto main famous that it will provide safety from the value improve to prospects who've booked autos on or earlier than Could 7.

With impact from Could 8, the corporate will improve costs of its passenger autos, averaging 1.8 per cent, relying on the variant and mannequin, Tata Motors mentioned in a press release.

"Increase in prices of commodities, such as steel and precious metals, necessitates us to pass on a part of it through increase in price of our products," Tata Motors President Passenger Automobiles Enterprise Shailesh Chandra mentioned.

Preserving in thoughts the curiosity of shoppers who've booked vehicles already, the automaker which sells fashions like Safari, Harrier and Nexon, is providing value safety for all bookings accomplished until Could 7, he added.

The value hike on mannequin vary can be efficient for bookings made thereafter (Could 8), Chandra famous.

Tata Motors sells a variety of autos ranging from entry hatchback Tiago to newly launched Safari SUV, priced between Rs 4.85 to Rs 21.4 lakh (ex-showroom Delhi).

For the well-being of its enterprise and supporting ecosystem, the corporate had not too long ago introduced that it has set in movement a complete 'Enterprise Agility Plan' to guard and serve the pursuits of its prospects, sellers and suppliers.

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