Tata Motors hikes prices of its cars, cites market conditions and input costs

  • Prices of Tata cars like Altroz, Harrier, Tigor, Tiago and Nexon have been hiked owing to multiple factors.
Photo courtesy: Tata Motors
Photo courtesy: Tata Motors

Tata Motors has hiked prices of all its cars in its 'New Forever' range and has blamed factors like evolving market conditions and change in input costs as the reason behind this decision.

The 'New Forever' range from Tata Motors includes cars such as the Altroz, Harrier, Tigor, Tiago and Nexon. "Tata Motors has revised the prices of its 'New Forever' range of passenger vehicles . This revision in prices is considering evolving market conditions, changes in input costs and other economic factors," a statement issued by the company late Wednesday informed.

Also check these Cars

Find more Cars
Tata Tigor Ev (HT Auto photo)
BatteryCapacity Icon26 kWh Range Icon315 km
₹ 11.99 - 13.14 Lakhs
Compare
View Offers
Tata Tigor (HT Auto photo)
Engine Icon1199.0 cc FuelType IconMultiple
₹ 6.30 - 9.55 Lakhs
Compare
View Offers
Tata Harrier Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon50 kWh Range Icon400 Km
₹ 22 - 25 Lakhs
View Details
Tata Tiago Ev (HT Auto photo)
BatteryCapacity Icon24 kWh Range Icon 315 km
₹ 7.99 - 11.89 Lakhs
Compare
View Offers
Tata Tiago Nrg (HT Auto photo)
Engine Icon1199 cc FuelType IconMultiple
₹ 6.70 - 8.80 Lakhs
Compare
View Offers
Tata Altroz Racer (HT Auto photo)
UPCOMING
Engine Icon1198.0 cc FuelType IconPetrol
₹ 8.50 Lakhs
View Details

While the exact extent of price hike would vary from model to model, it is being reported that some variants of the Altroz for instance, has received a price hike of about 6,000. Similarly, some of the variants of Nexon are now more expensive by 5,000. The price hike on the Tiago is reportedly between 9,000 and 13,000, while some variants of the Harrier are now dearer by 5,000.

Hikes of and around the 10,000 mark may or may not put off prospective customers, especially in the SUV segment. Current market sentiments, however, are likely to not take the price hikes too well. Several OEMs are offering discounts of varying extent in a bid to lure customers in the aftermath of the national lockdown. With the festive season here, prospective customers too would perhaps eye better deals and lower prices to convince themselves of high-value purchases like in the case of automobiles.

First Published Date: 13 Aug 2020, 08:19 AM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.