Tata Motors, introduced at this time that it’ll enhance costs by 0.7% (on common) throughout its passenger autos portfolio, together with EVs.
This enhance will probably be efficient February 1, 2024 and is being taken to partially offset the rise in enter prices. Earlier, Tata Motors introduced that it’ll enhance the worth of its business autos efficient 1st January, 2024, by as much as 3%.
The worth enhance is to offset the residual affect of the previous enter prices, and will probably be relevant throughout your complete vary of economic autos.
Lately, Maruti Suzuki has introduced a 0.45% value hike throughout its fashions on account of elevated value strain from inflation and elevated commodity costs. The hike will take impact from January 16, 2024. The weighted common enhance throughout fashions is round 0.45%. Different automakers, together with Tata Motors, Mahindra & Mahindra, Honda Vehicles India, and luxurious automobile supplier Audi, have additionally hiked costs this month.
Volvo Automotive India has deferred the worth hike of its EV choices,the XC40 Recharge and the C40 Recharge, with a 2% value enhance on its different fashions. The XC40 Recharge is priced at INR 57,90,000 whereas the C40 Recharge is priced at INR 62,95,000. The up to date costs for the ICE fashions are as follows: the XC60 is now priced at INR 68,90,000, the S90 at INR 68,25,000, and the XC90 at INR 1,00,89,000.