Tata Motors to hike car prices by 0 7% from 1 February | Business news

Tata Motors has announced plans to effect an increase in prices across its entire passenger vehicle range, including its electric vehicles, by an average 0.7 per cent, effective 1 February. The company said the increase “is being taken to partially offset the rise in input costs.” In 2023, Tata Motors had increased passenger vehicle prices thrice, resulting in a 2.4 per cent. The carmaker announced a 1.2 per cent increase in prices on 1 February 2023 across it ICE models, and followed it up by a 0.6 per cent increase on 1 May and another 0.6 per cent increase on 17 July 2023.