Tata Motors has announced that effective 3rd August, it will increase the prices of its passenger vehicles, on an average of 0.8%, depending on the variant and model. Shall also offer price protection on all retail till 31st August’21.
The company will offer protection from the price increase to vehicles that will be retailed on or before 31st August’21. For the wellbeing of its business and supporting ecosystem, Tata Motors had recently announced that it has set in motion a comprehensive ‘Business Agility Plan’ to protect and serve the interests of its customers, dealers, and suppliers.
Please Note: The price protection is applicable only on vehicles retailed/ billed on or before 31st August 2021.
The price increase has been primarily due to the rise in the input costs and fluctuation in prices of raw materials. This is Tata Motors' third price increase this year! The automaker had previously increased prices in May 2021 by up to 1.8 percent. Prices of Tata cars were also hiked by up to ₹26,000 in January this year.