Tata Motors has announced an increase in the prices of its car models. This is the third time in 2023 that the company is increasing the price of cars. Reuters According to , an average increase of 0.6 percent on cars is going to happen in prices. Behind increasing the prices, the company says that the prices of raw materials have increased, as well as there is a continuous problem in the supply chain since the Corona epidemic. Due to which the company is finding it expensive to produce for the last 2 years, hence the prices of the cars are also being increased. Another reason is also being told that after the BS 6 Phase 2 implemented by the government, the company has to make changes in its cars, due to which the company has to bear additional burden.
This increase in the cars of Tata Motors is going to happen from the 1st of the next month, i.e. from 1st May 2023. In which the company can increase its models from Rs 3000 to Rs 15000. These will include both diesel and petrol models. This is the third time in the new year that the company has increased the prices of its cars.
Earlier in January and February also the prices of cars have been increased by Tata Motors. Tata will now increase the prices of models ranging from Rs 5.54 lakh to Rs 25 lakh, including Tiago, Tigor, Altroz etc. At the same time, SUV models like Tata Punch, Tata Nexon, Tata Harrier etc. will also become expensive to buy now. Earlier in February, Tata Tiago was made costlier by Rs 20,000.