Tata Motors to hike car prices by Rs 25,000; joins Maruti, Hyundai as costs hurt pockets
Tata Motors has announced a price hike of up to Rs 25,000 across its vehicle portfolio starting in September. This move follows similar price increases by competitors Maruti Suzuki and Hyundai, driven by rising input costs and geopolitical uncertainty.
Why it matters
The trend of rising vehicle prices reflects broader inflationary pressures and supply chain challenges affecting the automotive industry.
Tata Motors Passenger Vehicles (TMPV) on Friday announced a hike in prices of cars and SUVs across its portfolio by up to Rs 25,000 startingSeptember 1, following similar announcements by Maruti Suzuki and Hyundai.The automaker said the price hike will be implemented across its portfolio, but will vary by models and variants, citing rising input and commodity costs amid continued geopolitical uncertainty.Also read: Hyundai cars to get costlier from September as automaker hikes prices by up to 1%The rise in car prices would cover both internal combustion engine (ICE) and electric vehicles (EV). This price revision is being undertaken to partially offset the impact of rising input costs and sustained inflationary pressures.
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