The global leading Automobile manufacturer of cars said that Rising input costs and material costs of steel, precious metals and semiconductors are the major reasons behind price hikes of its passenger vehicle range from 8 may. Tata Motors will also extend price protection for customers who have booked vehicles on or before 7th May. Apart from this The company also clarified that it will offer protection from the price increase to customers who had booked Tata passenger vehicles on or before January 21.
The announced price hikes of passenger vehicles, depending on the variant and model will be up to ₹26,000 averaging 1.8%. According to the company’s president of passenger vehicles Business, New Forever’ product range has been witnessing strong acceptance in the market and he is grateful for the customer’s support.
By Team Livestockrates