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SHIRSENDU KARMAKAR

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Tata Motors announces 0.7% price hike on passenger vehicles from Feb 1 The automotive industry has witnessed a trend, with various manufacturers resorting to similar price hikes in the early months of FY24 Auto giant Tata Motors has become the latest carmaker to join the price hike chorus, announcing a 0.7 per cent increase across its passenger vehicle portfolio, including electric vehicles. This price adjustment will come into effect on February 1, 2024, and aims to partially offset the ever-rising input costs. This move follows Tata Motors' earlier decision in April 2023 to raise the prices of its passenger vehicle (PV) range by approximately 0.6 per cent, starting from 1 May.  The automotive industry has witnessed a trend, with various manufacturers, including industry giant Maruti Suzuki, resorting to similar price hikes in the early months of FY24. Maruti Suzuki cited inflation and heightened commodity prices as reasons for their decision, with the actual percentage of the price hike varying across models. ©SHIRSENDU KARMAKAR #TATA

Tata Motors announces 0.7% price hike on passenger vehicles from Feb 1 The automotive industry has witnessed a trend, with various manufacturers resorting to similar price hikes in the early months of FY24 Auto giant Tata Motors has become the latest carmaker to join the price hike chorus, announcing a 0.7 per cent increase across its passenger vehicle portfolio, including electric vehicles. This price adjustment will come into effect on February 1, 2024, and aims to partially offset the ever-rising input costs. This move follows Tata Motors' earlier decision in April 2023 to raise the prices of its passenger vehicle (PV) range by approximately 0.6 per cent, starting from 1 May.  The automotive industry has witnessed a trend, with various manufacturers, including industry giant Maruti Suzuki, resorting to similar price hikes in the early months of FY24. Maruti Suzuki cited inflation and heightened commodity prices as reasons for their decision, with the actual percentage of the price hike varying across models. ©SHIRSENDU KARMAKAR #TATA