Tata Motors on Monday said it will raise the price of its passenger vehicle portfolio, including electric vehicles, by up to 3 per cent from January next year. This price hike is being done to partially offset the rise in input costs and inflation, the Mumbai-based auto major said in a statement.
"'Effective January 2025, the price increase will vary depending on model and variant," it added.
Already, several car manufacturers, including Maruti Suzuki, Hyundai, Mahindra and JSW MG Motor, have announced they would raise vehicle prices from the next month.
Mercdes-Benz India, Audi and BMW have also announced price increase from January, citing an increase in input costs and operational expenses.
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