Tata Motors Car Price Hike: If you want to buy Tata’s car, then do this work today, the price will increase from February 1

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Tata Motors Hikes Prices: Passenger vehicles of Tata Motors will become costlier from February 1. The company has said that it will increase the prices of its passenger vehicles with petrol and diesel engines by 1.2 percent from February 1. Tata Motors said in a statement that the cost has increased due to regulatory changes and increase in total cost and the company is bearing a significant burden on itself. He said that this is the reason why he has to increase the price. The prices of the vehicle will be increased according to the model and variant.

Reason for price hike

Tata Motors has attributed the increase in the price of its vehicles to the increased cost. The company says that the cost has increased due to regulatory changes and increase in input cost. The company itself is bearing its burden and has decided to pass on some of the burden to the customers. In December 2022 itself, Tata Motors indicated to increase the prices of passenger vehicles. Then Shailesh Chandra, MD, Passenger Vehicles and Electric Vehicles segment of Tata Motors had said that the increase in prices would help in reducing the effect of increase in commodity prices.

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