For commercial use in response to increased production costs
Tata Motors has decided to hike vehicle prices from next July.
According to Tata Motors, the price of vehicles will go up by 1.5 to 2.5 per cent depending on the model and type of vehicle.
According to a statement issued by Tata Motors, the cost of production has increased significantly due to the increase in the cost of manufactured goods and various stages of production. As a result, the selling price of vehicles has been slightly raised.
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The prices of spare parts required for vehicle production have gone up significantly in the last few days. Other automobile products have also seen prices rise.
Tata Motors manufactures cars, lorries, buses and other commercial vehicles worth Rs 3,400 crore.