Mumbai (Maharashtra), India — March 18 (ANI):: Tata Motors India's premier carmaker has announced intentions to increase prices for all its passenger vehicles, encompassing electric models, starting from April 2025.
According to Tata Motors The firm indicated that the price increase is required to partly compensate for the effects of escalating input costs, with the magnitude of the adjustment differing according to the particular model and variation.
Along with the passenger vehicles, Tata Motors Additionally, they declared a price increase of up to 2 percent for their range of commercial vehicles, effective from April 1, 2025.
The firm stated that the cost changes were due to rising production expenses, and these impacts would vary based on the specific vehicle model.
In an exchange filing, Tata Motors reiterated its dedication to offering advanced mobility options even with increasing manufacturing costs.
The anticipated price increase is likely to impact fleet operators and logistics companies disproportionately, as these entities are substantial users of the product. Tata Motors ' commercial vehicles.
Nevertheless, industry experts feel that Tata Motors A robust brand reputation along with an expansive service network will assist in reducing the effect on its market share. Even with the price hikes, the firm is anticipated to sustain its leading role in India’s automotive sector.
Tata Motors As part of the $165 billion Tata Group, this company has been at the forefront of India's automotive industry, renowned for its innovations in both commercial and passenger vehicles.
The firm has retained its top spot in India’s commercial vehicle sector and has also made notable progress in the electric vehicle (EV) segment.
As an important figure in the worldwide automobile sector, Tata Motors manages sophisticated R&D facilities in India, the UK, the US, Italy, and South Korea, with an emphasis on tech-powered innovations and eco-friendly vehicle components.
At the vanguard of India’s shift towards electric vehicles, this firm collaborates with governmental bodies to advocate for environmentally friendly transport options. (ANI)