Tata Motors to take a marginal price hike on its passenger vehicles from July 17

Tata Motors, India’s leading vehicle manufacturer has announced that it will increase prices of its passenger vehicles (ICE and EVs), effective July 17, 2023, on an average of 0.6% across models and variants.

The price increase is to offset the residual impact of the past input costs.  The company will offer price protection to bookings made up to July 16, 2023, and deliveries up to July 31, 2023.

Tata Motors reported wholesales of 47,359 units in June 2023, which is a 5% year-on-year increase (June 2022: 45,305 units). This is the carmaker’s second-best monthly performance in the first six months of 2023, after January 2023’s 48,289 units.