Tata Motors Car Price Hike: Those who buy Tata Motors vehicles are in for a shock. The company has announced a change in the prices of its vehicles. Due to this, now more money will have to be spent than before. Tata Motors is going to increase the prices of its commercial vehicles by up to five percent from April 1, 2023. The company announced on Tuesday. The company said that the increase in prices has been done in view of the second phase of BS-VI emission norms coming into effect from April 1. This increase in prices will be applicable across the entire segment of commercial vehicles. It will vary according to different models and versions. Tata Motors will increase the prices of its commercial vehicles by up to five per cent from April, the company said.
Maruti had announced a price hike in January
Let us tell you that in the month of January, Maruti had decided to increase the prices of all its models by about 1.1 percent. The company had increased the price for the second time in the current financial year. Earlier in April 2022, the price of vehicles was increased. Maruti Suzuki had said in December last year that it would hike the prices of its vehicles to cushion the impact of rising costs. The company had told the stock market that the price of vehicles of various models would increase by an average of about 1.1 percent. This indicative figure has been calculated on the basis of ex-showroom price in Delhi. This increase was implemented on 16 January 2023. The company sells a wide range of vehicles from its entry-level small car Alto to SUV Grand Vitara, priced between Rs 3.39 lakh to Rs 19.49 lakh, ex-showroom Delhi.
Volvo made changes in February
Volvo Car India, the company selling premium cars in the country, had announced the hike in prices in the month of February itself. After the price hike, the XC40 B4 mild-hybrid will cost Rs 46.4 lakh, the XC60 B5 mild-hybrid will cost Rs 67.5 lakh, the S90 B5 mild-hybrid will cost Rs 67.9 lakh and the XC90 B6 mild-hybrid will cost Rs 98.5 lakh, ex-showroom. It was Rs.