Tata Motors announced a price increase for its passenger cars, including electric and ICE-powered models. According to Tata Motors, the increase in price is due to rising input costs.
Prices will rise starting April 23rd. The company stated that the average weighted increase in prices is 1.1% depending on variant and model. Tata Motors will continue to honour the old prices of customers who booked cars prior to April 23rd, similar to previous price increases. The company last month announced an increase of prices in the range between 2-2.5% on all commercial vehicles. These new prices went into effect on April 1.
It is now the second year in a row that Tata Motors has raised prices for its passenger cars. In January, the company had announced its first price increase with an average of 0.9%. This price increase was also due to increased input costs. The Company also took a price reduction up to Rs 10,000 for certain variants.
Tata Motors is hosting an event in April 29, where it will launch a new electric vehicle. Details are scarce. Tata Motors expects to release the Nexon EV long-range as soon as possible, having seen it tested a few times.
A 40kW lithium-ion battery will be included in the Tata Nexon long range. Current generation’s battery is 30kW. An additional battery is available to extend the range by around 400km. Tata Motors will be able to compete with the likes of MG ZS EV and MG ZS EV thanks to this added range. The new extended range may be more expensive at Rs 16 lakh to 20 lakh.
Tata Motors plans to also launch the Altroz EV. The electric vehicle will be available under the Tata Nexon, but within the same price range as the Tata Tigor. It will be powered by the same Ziptron technology as the Tigor EV and Nexon EV.
Tata Motors announces price increase for passenger cars, including electric and ICE-powered models. The company stated that the average weighted increase in prices is 1.1%. Prices will rise starting April 23rd. Tata Motors honored old prices of customers who booked cars prior to April 23rd, similar to previous price