Tata Motors, India’s leading vehicle manufacturer has announced a marginal price hike on its passenger vehicles. Effective January 19, 2022, an average increase of 0.9% will be implemented, depending on the variant and model.
At the same time, the Company has also taken a reduction of upto Rs10,000 on specific variants, in response to feedback from customers.
On Wednesday at a round 10:52 AM, Tata Motors stock was trading marginally higher by 0.52% at Rs513.60 per piece on Sensex.
While the company is absorbing a significant portion of the increased costs, the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike.
"In line with the company’s customer-first approach, it has again decided to offer price protection to all its customers who have reposed the faith and confidence in the Tata Motors’ New Forever range. Assures no impact on Tata cars booked on or before January 18, 2022", said the company.
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