Tata Motors is raising prices on several vehicles; read on for more information.

 

A few Tata Motors vehicles will see price hike. Tata Motors has announced that the prices of its ‘New Forever' range of automobiles would be increased. According to an IANS report, the firm cited increased raw material prices, especially steel and precious metals, as the cause for the move.

Price of Maruti Suzuki Cars:

Maruti Suzuki announced in June that due to rising input costs, it would boost vehicle pricing for the July-September quarter. The firm claimed in a regulatory filing that the cost of its vehicles has continued to be negatively impacted over the past year due to increases in various input costs. According to an IANS report, "it has become vital for the corporation to pass on some impact of the aforesaid additional cost to customers through a price increase."

The company also stated that a price increase is scheduled for the second quarter of this fiscal year, with the amount varying by model. It has previously raised pricing for various car models in April, according to IANS.

(Source: https://india.com)

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