Price hike / Tata gave customers a big tweak, a big increase in the price of all cars in one fell swoop

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Vehicle maker Tata Motors has announced an increase in the prices of all its passenger vehicles. The average price of vehicles has increased by 0.55%. 

The company has increased prices across the range. However, this increase has been based on the model. Which has been in force since 9 July.

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Let me tell you that Tata Motors sells Nexon, Punch, Safari, Harrier, Tiago, Altroz, ​​and Tigor cars and all these prices have been increased. But the company did not say how much the car price has gone up. 

The company raised prices because of this

Earlier, at the end of April 2022, Tata Motors had increased the prices of its passenger vehicles by an average of 1.10%. The brand recently raised the price of commercial vehicles by 1.5 percent to 2.5 percent. The company made the decision in view of the ever-increasing cost and now once again the company has increased the prices of its passenger vehicles. The company says construction costs are rising, which is why it had to do so. 

The company said in a statement that the price has been increased by an average of 0.55 percent across the range depending on the variants and models. Tata Motors said the company has taken comprehensive measures to meet most of the increased input costs. However, this minimum price increase will have to be done to offset the additional impact on input costs. 

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Tata Motors' domestic sales rose 82% in June

Significantly, Tata Motors' total domestic sales grew by 82% to 79,606 units in June 2022 from 43,704 units in June 2021. Domestic passenger vehicle (PV) sales rose 87 percent to 45,197 units from 24,110 units in the year-ago period.

On a quarterly basis, sales of passenger vehicles rose to 1,30,125 units in the first quarter of FY2022-23 from 64,386 units in the same period a year ago.