Tata Motors Cars and EVs To Cost More From April 2025
Tata Motors will increase passenger and EV prices starting in April: India’s biggest car manufacturer Tata Motors has sent a big shock to its users. The prices of all the company’s commercial vehicles could go up by as much as 2 percent from April 1, 2025. Tata Motors has come out with the hike in the prices of its passenger vehicles, including electric ones, from next month. It will be the company’s second hike this year. In January, it raised the price of its cars by as much as 3%. The company, in a statement, said that the price hike is being undertaken to partially offset the effect of increasing raw material prices. The size of the price hike will differ based on the model and variant. But the company did not provide any information regarding the proposed price hike.
Why are the TATA Motors prices going up?
As per details provided by Tata Motors, the company has chosen to raise the prices because of rising production costs in the auto industry, costly raw materials, and logistics. But it is also understood that the firm is attempting to transfer all of these costs to the consumers.
Maruti Suzuki Price Increase:
Maruti Suzuki also announced a price increase before Tata Motors. The firm will raise the prices of its cars up to 4 percent. The firm has attributed this rise to higher duties and other expenses. Maruti Suzuki retails a range of models in the local market from the base Alto K10 to the multi-purpose vehicle Invicto. These are available at prices ranging between Rs 4.23 lakh and Rs 29.22 lakh (ex-showroom Delhi), respectively. This January, Honda Cars India declared a hike of up to Rs 32,500 in the prices of several models from February 1. A Honda Cars India spokesperson also added that the company is planning to hike vehicle prices from next month.
Kia also hiked price:
On the other hand, Kia India on Tuesday announced that it would hike prices of its vehicles by up to 3% from April 1 to mitigate the impact of increasing costs. Hardeep Singh Brar, Senior Vice President (Sales and Marketing), Kia India, explained that as a company dedicated to offering outstanding value and quality to our customers, we have always sought to offer the finest vehicles at competitive pricing.
What will be the effect on the automobile industry?
The effect of the price increase will directly go to the transportation and logistics industry. Since commercial vehicles will be costlier, transport prices may also be affected. Consumers might also alter their intention to purchase their vehicles after witnessing the price increase of Maruti and Tata. Yet, this could also impact other product prices.
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