Tata Motors announces increase in price of passenger vehicles
Indian vehicle manufacturer Tata Motors has increased the prices of its passenger vehicles by an average of 1.8% based on the variant and model.
Tata Motors said that it will give protection from the price increase to customers who had ordered Tata passenger vehicles on or prior to 7 May 2021.
Recently, the Indian automobile company, for the wellbeing of its business and supporting ecosystem, announced a business agility plan for protecting and serving the interests of its customers, suppliers, and dealers.
Shailesh Chandra – President of Tata Motors Passenger Vehicles Business said: “Increase in prices of commodities, such as steel and precious metals, necessitates us to pass on a part of it through increase in price of our products. Keeping in mind the interest of customers who have booked cars already, we are offering price protection for all bookings done till date (on or before 7th May 2021).
“This price increase will be effective for bookings made thereafter (effective 8 May 2021). Our ‘New Forever’ product range continues to witness strong acceptance in the market and we are thankful to our customers for their continued trust in the brand.”
Last month, Tata Motors said that it registered global wholesales of 2,20,697 nos. for passenger vehicles in Q4 FY21, which is 39% more compared to Q4 FY20.