New Delhi — Tata Motors Passenger Vehicles Ltd. said Friday it will raise prices across its passenger vehicle lineup by up to Rs 25,000, effective Sept. 1, as the automaker looks to offset higher input costs and inflationary pressures.
The increase will apply to both internal combustion engine and electric vehicle models, though the amount will vary depending on the model and variant.
Tata Motors said it continues to absorb a significant portion of rising costs but decided to pass on part of the increase to customers.
The move follows similar price hikes by other major automakers in India.
Hyundai Motor India earlier this month announced a price increase of up to 1% across its portfolio, citing higher input and commodity costs, operating expenses and continued geopolitical and macroeconomic uncertainty.
Maruti Suzuki also raised prices across its Arena and Nexa models in August, with increases ranging from Rs 2,500 to Rs 30,000 depending on the model and variant.
The latest price revisions reflect continued cost pressures across India’s auto industry, with manufacturers seeking to balance higher expenses with efforts to limit the impact on consumers.
Tata Motors Passenger Vehicles reported a 79% decline in net profit to Rs 859 crore in the first quarter of fiscal 2027, compared with Rs 4,003 crore in the same period a year earlier. Profit after tax fell 85% from the previous quarter.
Shares of Tata Motors Passenger Vehicles were trading nearly flat at Rs 320.50 on the BSE Friday morning, up 0.17%. The stock has traded between a 52-week high of Rs 457.04 and a low of Rs 294.15.
The shares have declined more than 5% over the past year and nearly 9% so far this year. (Source: IANS)
