Tata Motors India has announced a hike in prices for its range of products. Under this, all passenger vehicles under Tata Motors will receive a weighted average increase in the price of 0.55 per cent. The exact increase in price will depend on the variant and model. The company also mentioned that it had taken all possible measures to absorb a significant portion of the increased input costs. However, to mitigate the residual impact of the adjusted price, Tata Motors is passing on this price hike to the customers.
This time there’s no price protection. Thus, the customers who have already booked their vehicle will have to pay the updated price. Tata Motors also recently made a similar announcement for its commercial range of products.
With the release of sales charts for June 2022, we have the list of top sellers. The compact-SUV segment is currently the most hotly contested segment. Customers have a wide range of options to choose from. For June 2022, Tata Nexon unsurprisingly was the top seller. The SUV sold a total of 14,295 units in June 2022 with 77.95 per cent YoY growth. 2nd and 3rd positions were grabbed by the two Korean siblings, Hyundai Venue and Kia Sonet, respectively.
Tata Motors is now getting more and more popular. The demand is increasing across all segments. Starting with the entry-level segment with the Tata Punch all the way up to the Safari, the figures are rising for all offerings. For the last few months, Tata has also given Hyundai a tough fight for the #2 spot in the Indian market. Tata Motors is also doing well in the EV segment. With the recent introduction of the Nexon EV Max, the sales will go even higher in the coming months.
Also Read: Tata Motors commercial vehicle prices going up from 1st July 2022.