The country’s leading car company Tata Motors on Friday said that it will increase the price of its passenger vehicles from May 8. This increase will be in the range of 1.8 percent on average, depending on the model and variant of the vehicles. According to the company, it has become necessary to increase the price of vehicles to compensate for the increase in the cost of raw materials.
Tata Motors has vehicles ranging from the entry-level hatchback Tiago to the recently introduced Safari SUV, such as the Harrier and Nixon. The ex-showroom price of these vehicles in Delhi ranges from Rs. 4.85 lakhs to Rs. 21.4 lakhs.
Shailesh Chandra, President (Passenger) Vehicle Business, Tata Motors, said that with the rise in prices of raw materials like steel and precious metals, we have to transfer a part of this growth to customers.
Shailesh Chandra said that customers who have booked till May 7, they will get vehicles at the old price only.