The regular rise in materials and different enter prices, influence of foreign exchange and transition to BS-VI norms, have cumulatively elevated the price of manufacturing automobiles, necessitating a value revision to partially offset the influence, the corporate mentioned in an announcement.
“There shall be a value improve throughout Tata Motors business automobile vary, efficient January 01, 2021,” the corporate mentioned within the assertion.
It mentioned the precise change in value will rely upon particular person mannequin, variant and gasoline kind.
The corporate had so far been absorbing the addition in prices however with their regular rise in keeping with market development, it has turn into crucial to cross at the very least some portion of the price improve to prospects by way of applicable value revisions, it added.
The value improve is anticipated throughout the portfolio of medium and heavy business automobiles, intermediate and light-weight business automobiles, small business automobiles in addition to buses, Tata Motors mentioned.