This increase is being implemented to offset the increase in input costs partially and will take effect on February 1, 2024. Tata Motors previously declared that it would raise the price of its commercial cars by up to 3% starting on January 1, 2024.
Today, Tata Motors revealed that all its passenger vehicle lineup, including EVs, will see price increases of 0.7% (on average).
This increase is being implemented to offset the increase in input costs partially and will take effect on February 1, 2024. Before this, Tata Motors declared that it would raise the cost of its commercial cars by up to 3% starting on January 1, 2024.
The price rise will apply to all commercial vehicles and will counteract the residual effect of previous input expenses.
Maruti Suzuki recently revealed a 0.45% price rise on all of its models as a result of rising inflationary pressure and rising commodity prices. The increase will go into force on January 16, 2024. Approximately 0.45% is the weighted average increase across models. This month, price increases have also been made by Tata Motors, Mahindra & Mahindra, Honda Cars India, and premium vehicle dealer Audi.
Volvo Car India has postponed raising the price of its electric vehicle products, the XC40 and C40 Recharge while raising the price of its other vehicles by 2%. The cost of the C40 recharge is INR 62,95,000, while the XC40 recharge is INR 57,90,000. The XC60, S90, and XC90 are now priced at INR 68,90,000, INR 68,25,000, and INR 1,00,89,000. These are the latest prices for the ICE variants.