The automaker mentioned the value hike shall be carried out throughout its portfolio, however will differ by fashions and variants, citing rising enter and commodity prices amid continued geopolitical uncertainty.
Additionally learn: Hyundai cars to get costlier from September as automaker hikes prices by up to 1%
The rise in automobile costs would cowl each inside combustion engine (ICE) and electrical autos (EV).
“This value revision is being undertaken to partially offset the impression of rising enter prices and sustained inflationary pressures. Whereas TMPV continues to soak up a good portion of those will increase, part of the impression is being handed on to prospects via this adjustment,” it mentioned in a regulatory submitting.
This marks the second enhance in automobile costs introduced by Tata Motors in the identical quarter.
Earlier in June, TMPV declared that it’s going to enhance costs of its passenger car portfolio, together with each ICE and EV, by as much as 1.5%, efficient 1 July 2026.Hyundai Motor India, on August 19, introduced that it’s going to hike car costs throughout its portfolio by as much as 1% from September 2026, citing rising enter and commodity prices, together with ongoing geopolitical and macroeconomic uncertainties.
“The corporate continues to make each endeavor to optimise prices and take in value escalations to minimise the impression on prospects. Nevertheless, the persistence of those value pressures has necessitated passing on part of the elevated prices to prospects via this marginal value revision,” it mentioned in a inventory trade submitting.
Final month, Maruti Suzuki India Restricted introduced a value hike of up to Rs 30,000 from August, its second portfolio-wide hike in about two months, citing sustained value pressures.
