Tata Motors Hikes Prices: After Maruti Suzuki, Tata Motors has announced to increase the prices of vehicles in the new year as well. According to the information given to the stock exchange, Tata Motors has announced to increase the prices of its commercial vehicles by 2.5 percent from January 1, 2022. The company is going to increase the prices of all types of commercial heavy vehicles, buses. However, the price hike for each vehicle will be based on the model variant.
citing cost escalation
Tata Motors has said in its statement that the prices of many metals including steel, aluminum have increased, due to which the decision has been taken to increase the prices of commercial vehicles. The company itself is bearing a major part of the rising cost, but some part is being met by increasing the prices. Tata Motors is the largest commercial vehicle manufacturer in the country. However, Tata Motors has not yet increased the prices of passenger vehicles.
Maruti Suzuki will also increase the price on the new year
But let us tell you that the country’s largest car maker Maruti Suzuki has already decided to increase the prices of its vehicles from the month of January due to increase in cost. The company has said that due to the increase in different input costs in the last year, the cost of vehicles has been greatly affected. Therefore, by increasing the prices, it has become necessary to pass some part of it to the customers. According to the company, there is a plan to increase the prices in January 2022. The increase in prices will depend on the model of the vehicle.
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