Tata Motors has indicated a price hike from January 2024.
It seems that Tata Motors is planning a price hike across its entire portfolio, affecting both internal combustion engine (ICE) vehicles and electric vehicles. The company has not disclosed the specific amount of the increase but has mentioned that details will be announced in the coming weeks. This move follows similar announcements from Audi India and Maruti Suzuki.
Tata Motors’ current lineup in India includes a range of vehicles such as Tiago, Tiago EV, Tigor, Tigor EV, Altroz, Punch, Nexon, Nexon EV, Harrier, and Safari. The price hike reflects the industry’s response to various factors, such as inflation, increased production costs, or other economic considerations.
Additionally, Tata Motors has opened a new Registered Vehicle Scrapping Facility (RVSF) in Chandigarh. This facility is designed to use environmentally friendly processes and has the capacity to recycle 12,000 vehicles annually. This move aligns with the growing focus on sustainable and eco-friendly practices in the automotive industry.
For consumers, it would be advisable to stay tuned for the forthcoming announcement regarding the extent of the price hike and specific details provided by Tata Motors. This information will be crucial for those considering a purchase in the near future.