Tata Motors to hike vehicle prices by up to Rs 25,000 from September 1

Tata Motors Passenger Vehicles Ltd will increase prices of its vehicles by up to Rs 25,000 from September 1. The company said the hike across internal combustion engine and electric models is aimed at partly offsetting rising input costs and inflationary pressures

New Delhi: Tata Motors Passenger Vehicles Ltd (TMPV) on Friday said it will hike prices of its vehicles across its models by up to Rs 25,000 from September 1 to partially offset increases in input costs and inflationary pressures.

The price increase across the portfolio, covering both internal combustion engine (ICE) and electric vehicles (EVs), will vary across models and variants, Tata Motors Passenger Vehicles Ltd (TMPV) said in a statement.

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“This price revision is being undertaken to partially offset the impact of rising input costs and sustained inflationary pressures,” the company said.

While TMPV continues to absorb a significant portion of these increases, a part of the impact is being passed on to customers through this adjustment, it added.

The extent of the price increase will vary across models and variants, ensuring that the overall value proposition of each offering is maintained, the company said.

At present, TMPV sells a range of conventional engine and electric vehicles, from the entry-level hatchback Tiago to the premium SUVs Safari and Harrier EV, priced at around Rs 4.7 lakh to Rs 31 lakh.