The Indian auto industry has virtually failed to protect itself from the wrath of price hikes. The news of repeated high prices is increasing the worry on the forehead of the buyers. This time the country’s auto giant Tata Motors (Tata Motors) announced to increase the price of their passenger cars. This list includes fossil fuel as well as electric models. Their prices are going to increase from July 17. The average price hike will be 0.6% across variants and models.
Tata Motors car prices are increasing
Tata said the price hike has been chosen to keep pace with rising input costs. However, in case of booking till July 16, the car will be given to the buyers at the old price. The company currently sells every passenger vehicle in the country – Nexon, Punch, Altroz, Harrier, Safari, Tiago and Tigor.
Incidentally, in June, Tata sold 47,235 passenger cars in India. Whereas a year ago the sales volume was 45,197 units. As a result, this year’s sales have seen a 5% increase. Currently Tata is working on expanding their CNG vehicles. Recently they launched the Altroz iCNG, priced at Rs 7.55 lakh (ex-showroom).
This hatchback model is powered by a 1.2 liter Revotron engine. It produces 73 hp of power at 6,000 rpm and 103 Nm of torque at 3,500 rpm. Twin CNG cylinders are provided under the hood. Its engine can be started in CNG mode. Meanwhile, Tata Punch CNG has also been seen testing several times. It may be launched soon.
