Tata Motors Announces Price Hike on Tiago, Harrier And More From February

Tata Motors will be increasing the prices of its ICE (internal combustion engine) cars from February onwards. The primary reasons for the price hike are rising input costs as well as regulatory changes.

Tata Motors has announced a price hike for its lineup of passenger cars using internal combustion engines (ICE). Depending on the version, the average increase will be 1.2 percent, effective from February 1st, 2023. Growing input costs and regulatory changes are two reasons cited for the price hike by India's leading automaker. Tata Altroz, Punch, Nexon, Harrier, and others will witness the price hike. After Tata revised prices in January, this will be the second price increase of 2023. Due to the same factors, the firm had previously announced the price increase. The price hike has become a ritual by manufacturers, performed several times a year. Market trends, inflation, rising input costs, and various economic considerations are some of the common reasons given by most manufacturers for the increased prices of their models.

Also Read: Tata Sierra EV is pure, like an Apple product - Martin Uhlarik, Tata Motors

Recently, the automaker reduced prices of the Nexon EV variants by up to Rs 85,000. Price reductions for the Nexon EV Prime base model XM and XZ models were Rs 50,000 and Rs 31,000, respectively. The price of the Nexon EV Max is also being reduced by Rs 85,000 overall. According to the official statement, the leading carmaker initiated the price reduction to make the EV more accessible to customers in India.

Also Read: New Tata Harrier, Safari SUVs to Get 1.5-litre Turbo-petrol Engine for India

The domestic carmaker will reportedly launch CNG versions of the Punch SUV and Altroz hatchback in 2023. At the Auto Expo 2023, both models had their public debuts. Tata Motors will also launch several new products over the next two years, including the Harrier EV, Curvv, and Sierra. Both petrol and electric engines will be available for the Tata Curv and Sierra SUVs. In other news, we informed you that a five-seater layout will be standard on the new Tata Sierra. On the other hand, the top-spec vehicle will be available in a four-seater lounge variant. There will be two captain seats that can be moved back, forward, and reclined in the lounge model.