Tata Motors to increase prices of commercial vehicles from January next year

The increment of price on Tata Motors' commercial vehicles will depend on the individual model and variant of the vehicle.Tata Motors informed that the steep rise in overall input costs has made it imperative for them to pass on some residual proportion by hiking prices.
By : HT Auto Desk
| Updated on: 06 Dec 2021, 17:41 PM
File photo of commercial vehicles from Tata Motors
File photo of commercial vehicles from Tata Motors
File photo of commercial vehicles from Tata Motors
File photo of commercial vehicles from Tata Motors

Tata Motors on Monday announced that it will increase prices of its commercial vehicles up to 2.5 per cent effective from January next year. The decision has been taken to offset the increase in price of essential commodities and raw materials costs such as steel, aluminum, copper and plastic.

The price hike will be implemented across segments of medium and heavy commercial vehicles, intermediate and light commercial vehicles, small commercial vehicles and buses. The increment will depend on the individual model and variant of the vehicle.

Similar Cars

Find More Cars
Tata Tigor (HT Auto photo)
Tata Tigor
1199 cc | Petrol | Manual | 20.3 kmpl
₹5.39 - 7.82 Lakhs**Ex-showroom price
Tata Nexon (HT Auto photo)
Tata Nexon
1199 cc | Petrol | Manual | 17.4 kmpl
₹7 - 13.24 Lakhs**Ex-showroom price
Tata Punch (HT Auto photo)
Tata Punch
1199 cc | Petrol | Manual | 18.97 kmpl
₹5.49 - 9.39 Lakhs**Ex-showroom price
Tata Tiagoev (HT Auto photo)
UPCOMING
Tata Tiagoev
 
₹5 - 7 Lakhs* *Expected Price
Tata Harrier (HT Auto photo)
Tata Harrier
1956 cc | Diesel | Manual | 16.35 kmpl
₹13.84 - 21.09 Lakhs**Ex-showroom price
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price

(Also read | Audi announces price hike across models from January 1, blames rising input cost)

The company said that it is absorbing a significant portion of the increased costs at various levels of manufacturing, however, the steep rise in overall input costs has made it imperative for them to pass on some residual proportion by hiking prices of commercial vehicles.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

The carmaker is also mulling hiking prices of its passenger vehicles due to the rise in commodity cost. The company's President - Passenger Vehicles Business, Shailesh Chandra, recently told PTI, "An appropriate price hike to at least partially offset this increase in costs seems inevitable in the near to short term." Tata Motors sells model such as Punch, Nexon and Harrier in the domestic market.

Honda Cars India and Renault are also looking at hiking prices of their offerings in the domestic car market from January next year given the continuing rise in input costs. While Honda is still studying how much of the input cost can be absorbed, Renault noted that it is looking at a "substantial" price increase across its model range that includes Kwid, Triber and Kiger.

Already carmakers such as Maruti Suzuki, Audi and Mercedes-Benz have announced a hike in prices from January next year, citing the rise in input and feature enhancement costs.  Maruti Suzuki informed that the price hike will vary for different models while Mercedes-Benz said its hike will be on select models by up to 2 per cent. Audi will increase price up to 3 per cent across its entire model range.

(with inputs from PTI)

First Published Date: 06 Dec 2021, 17:41 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city