Tata Motors also sells vehicles with a variety of fuel options, including compressed natural gas (CNG), electric motors (EVs), and...
Digital Desk: Tata Motors, India's largest vehicle manufacturer, has announced a price rise across its ICE portfolio of passenger vehicles. Effective February 1st, 2023, the weighted average increase will be 1.2%, depending on the variant and model. This means that buyers will have to pay more if they want to purchase a Tata Safari, Tata Harrier, Tata Punch, Tata Nexon, or any other Tata Motors passenger vehicle.
"The company has been absorbing a significant portion of the increased costs on account of regulatory changes and rise in overall input costs and is hence passing on some portion through this hike." Tata Motors said in a statement.
In November of last year, Tata Motors also announced a slight price hike for all of its passenger vehicles. At the time, the company cited the same reason for raising the prices of its vehicles.
Tata Nexon, Harries, Safari, Tiago, and Tigor are some of the vehicles in the company's portfolio. Tata Motors also sells vehicles with a variety of fuel options, including compressed natural gas (CNG), electric motors (EVs), and internal combustion engines (ICEs).