Tata Motors has announced a price hike of up to 3% for its entire vehicle lineup, including both ICE and EV models, effective from January 2025. This decision is attributed to rising input costs and inflationary pressures.
Affected Models
The price hike will impact a wide range of Tata Motors vehicles, including:
- ICE Vehicles: Tiago, Altroz, Tigor, Punch, Nexon, Harrier, Safari, and Curvv
- EV Vehicles: Curvv.ev, Punch.ev, Nexon.ev, Tiago.ev, and Tigor.ev
Rising Costs and Industry-Wide Trend
Tata Motors joins a growing list of automakers in India that have announced price hikes. Maruti Suzuki, Hyundai, and Mahindra have also implemented price increases due to similar factors. Additionally, luxury brands like Audi, BMW, and Mercedes-Benz have also raised prices to offset rising costs and operational expenses.
As the automotive industry continues to grapple with these challenges, consumers may face higher costs for their next vehicle purchase.
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