Kathmandu. Tata Motors, India’s second largest carmaker, has announced a hike in prices of its cars. The company has decided to increase the prices of its vehicles from July 1.
The company will affect all segments of vehicles including petrol, diesel, CNG and EVs. The company has said that the price of its cars will increase by up to 1.5 percent.
The company attributes this increase to rising input costs. According to Tata Motors, this price change has been done to reduce the pressure of rising input costs and inflation. However, the company is bearing a significant portion of these increased costs. However, some of its impact has been transferred to the customer through this change. ’
The company did not disclose the price of the new car. The brand has said that it will increase prices on all models and variants separately to maintain its value proposition. –Agency
