BAJAJ BROKING
Tata Motors will raise passenger vehicle prices, including electric models, by up to 3% from January 2025. This move is driven by rising input costs and inflation. Competitors like Maruti Suzuki and Mahindra are also implementing price hikes.
Tata Motors has announced an increase in prices of its passenger vehicles, including electric vehicles, by up to 3%, effective January 2025. The automaker stated that the hike is necessary to counter rising input costs and inflationary pressures. The price change will vary depending on the model and variant, impacting the cost across the portfolio.
Also read: Vodafone Idea to Issue Shares Worth ₹1,980 Crore at 39% Premium
Price Increase: Up to 3% across passenger vehicles, including electric models.
Implementation Date: January 2025.
Reason: Offset inflation and rising input costs.
Affected Models: Entire passenger vehicle portfolio, including electric vehicles.
Also read: Syngene International Block Deal: Biocon to Sell 2% Stake at ₹825 per Share
Other automakers, including Maruti Suzuki, Mahindra, and Hyundai, have also announced price hikes starting January. Below is a comparison of the planned increases:
Automaker | Price Increase | Implementation Date |
Tata Motors | Up to 3% | January 2025 |
Maruti Suzuki | Up to 4% | January 2025 |
Mahindra & Mahindra | Up to 3% | January 2025 |
Hyundai Motor India | Undisclosed | January 2025 |
Kia India | Up to 2% | January 2025 |
The announcement comes amidst broader industry-wide adjustments to inflation and rising input costs. Despite this, Tata Motors continues to maintain its strong market presence, driven by its passenger and electric vehicle portfolio. Following the announcement, the Tata Motors share price remained stable, indicating investor confidence in the company’s pricing strategy and market resilience.
Tata Motors’ price hike is a strategic response to increasing costs and inflation. As the industry braces for these changes, customers are likely to face higher prices across several automotive brands, reinforcing the broader impact of inflation on the automobile sector.
Also read: Metropolis Healthcare Acquires Core Diagnostics for ₹246
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading