An average price increase of about 1.8% on all models is part of Tata’s Business Agility Plan to protect and serve the interests of our customers, dealers and suppliers.
Price increases affect all models within Tata Motors
Indian car maker Tata Motors announced that it will raise the price of all passenger cars in the country from May 8, 2021. The amount of price increase averages around 1.8%, depending on the model and variant. That said, automakers have confirmed that customers who booked Tata cars before May 7th this year will be protected from price increases. Price increases are part of Tata’s Business Agility Plan to protect and service the interests of our customers, dealers and suppliers.
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Scheilesh Chandra, president of the passenger car business, said of the price increase: For the benefit of customers who have already booked a car, we offer price protection for all bookings made by that day (before May 7, 2021). This price increase will be effective for subsequent reservations (effective May 8, 2021). Forever’s product range continues to be strongly accepted in the market and we thank our customers for their continued trust in the brand. “
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The price increase is due to soaring raw material costs required to pass it on to customers. This is the brand’s second price increase this year. Automakers previously raised up to £ 26,000 in January. Meanwhile, automakers’ production facilities remain closed due to the COVID-19 pandemic. April 2021 sales fell 41% month-on-month after blockades were imposed in some parts of the country last month.
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Tata Motors raises price across range with an average of 1.8%
Source link Tata Motors raises price across range with an average of 1.8%