Prices increased from April 23
Tata’s passenger vehicles will be expensive from today. The average increase has been 1.1 per cent, depending on the variant and model. The price hike is being implemented from today, April 23, 2022. This is the third price hike by Tata Motors in 2022. The fresh increase in prices will offset the increase in input cost. Last month, Tata raised the prices of its electric passenger vehicles.
EVs are expensive
Last month, Tata Motors increased the prices of both its Tata Nexon and Tigor EV to make them costlier. Also, around 5 weeks back, Tata had already increased a wide range of vehicles. This step was taken by Tata in line with the entire industry. Car makers often increase the prices at the start of the new financial year.
increased prices of these cars
With the increase in input cost remaining constant, it is necessary for companies to continuously revise prices. Prices of all Tata cars, including Nexon, Punch, Safari, Harrier, Tiago, Altroz and Tigor, have been hiked from today. Currently, Tata Motors has now increased its car prices by 3 times, effectively in 2022. Let us tell you that Tata is currently the largest electric car seller. So it also has to deal with the rising cost of battery cells.
The first quarter sales performance of Tata Motors in 2022 has seen a significant improvement. The company’s sales in the first quarter of this year stood at 1,23,053 units, which is equivalent to an average monthly sales of 41,000 units. This reflects better results as compared to the previous quarter and year-on-year. Its sales were 83,859 units in the same quarter last year, which means its sales have improved by 39,194 units. Last quarter (October-December) sales stood at 99,000 units. In the last 6 months, Tata Motors has sold more than 2.2 lakh units.
discount on tata cars
Earlier, Tata had also announced discounts on its cars. To maintain the sales numbers, the domestic carmaker has come up with some exciting deals and discounts on select cars in its lineup. The cars that are being discounted in April include Tata Tiago, Tata Tigor, Tata Nexon and Tata Harrier. There are no discounts or offers available on Tiago NRG, Punch and Altroz this month.