Tata Motors has announced a 1.2% price increase across its ICE model lineup. The new prices will take effect on February 1, 2023.
Reason for hike
Prices are being raised due to regulatory changes and an increase in overall input costs, according to the company. However, the corporation is bearing a large amount of the rising costs.
Tata Motors' ICE portfolio includes a wide range of cars, beginning with the Tiago, Tigor, and Altroz and on to the Punch, Nexon, Harrier, and Safari. The price increase will be determined by the model and variant.
Tata Motors, on the other hand, reported a net profit of Rs 2,958 crore in the third quarter of last year. Consolidated income increased by 22.5% to Rs 88,489 crore.