Tata Motors has announced a price hike for all its passenger vehicles, which includes both electric vehicles and ICE powered units. The company claims that the reason for the increase in prices is rising input cost.
The newly increased prices are effective from today (April 23). According to a company statement, the weighted average growth, depending on the variant and model, is 1.1%. Similar to the previous price hike, Tata Motors is expected to honor the old prices for customers who booked their cars before April 23. Last month, the company announced a 2-2.5% increase in prices for all its commercial vehicles. , The new prices have come into effect from April 1.
Tata Motors has increased the prices of its passenger vehicles for the second time this year. The company announced the first price hike in January with an average increase of 0.9%. Input cost was also blamed for the rise in prices. At the same time, the company has also made a cut of up to Rs 10,000 on special variants.
Tata Motors will hold an event on April 29 and is expected to launch a new EV. Details are still very scarce. However, Tata Motors is expected to launch the Nexon EV longer range as it has been spotted testing a few times.
Tata Nexon EV long range will come with 40kW battery. The battery is 30kW in the current generation. The extra battery can provide a range of around 400 km. The added range will allow Tata Motors to compete against the likes of the MG ZS EV. However, the new long range may be priced more aggressively in the Rs 16 lakh to Rs 20 lakh price bracket.
Tata Motors also has plans to launch the Altroz EV. The electric vehicle is expected to be placed under the Nexon, but in the same range as the Tata Tigor EV. The car will use the same Ziptron technology that has been used in the Nexon EV and Tigor EV.
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