Tata Motors
Tata Motors to increase prices of its passenger vehicles, effective May 1
Mumbai: Tata Motors, a vehicle manufacturer, on Friday announced that it will marginally increase price of its passenger vehicles from May 1, 2023.
The weighted average increase will be 0.6%, depending on the variant and model.
"Tata Motors has been absorbing a significant portion of the increased costs on account of regulatory changes & rise in overall input costs and is hence compelled to pass on some proportion through this hike," read the statement issued by Tata Motors.
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