Tata Motors increases passenger vehicle prices and extends protection. They have announced that on this 8th May, they will increase prices of its passenger vehicles, averaging 1.8%, depending on the variant and model.
Commenting on this, Mr Shailesh Chandra, President – Passenger Vehicles Business said, “Increase in prices of commodities, such as steel and precious metals, necessitates us to pass on a part of it through an increase in the price of our products. Keeping in mind the interest of customers who have booked cars already, we are offering price protection for all bookings done to date (on or before 7th May 2021). This price increase will be effective for bookings made thereafter (effective 8 May 2021). Our ‘New Forever’ product range continues to witness strong acceptance in the market and we are thankful to our customers for their continued trust in the brand.”
Tata Motors also says that they would be continuing its commitment towards customers, so they will offer protection from the price increase to customers who have booked Tata passenger vehicles on or before 7th May. For the wellbeing of its business and supporting ecosystem, the Company had recently announced that it has set in motion a comprehensive ‘Business Agility Plan’ to protect and serve the interests of its customers, dealers and suppliers.
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