KEY HIGHLIGHTS
- Tata Motors announces price hike for its ICE & EV lineup
- The new prices will be applicable from 1 January 2024
- The prices of Tata passenger vehicles will go up by 3%
As 2025 is nearing, many OEMs have announced a price hike for their lineup or select models starting from 1 January 2025. Among these manufacturers, Tata Motors has announced a price hike for its entire lineup beginning on 1 January. The brand has announced the price hike for its entire passenger vehicle lineup including all ICE & electric vehicles. Read details of the new price hike announcement below. Before we get into any more details, make sure to join the 91wheels WhatsApp Community for the latest news and updates from the automotive space!
Also Read: Major Car Brands to Announce Price Hikes: Applicable from Jan 2025
Tata Motors Price Hike
Tata Motors India is all set to increase the price of its entire lineup by 3%. The exact price increase will vary depending on the model and variant of the car. Moreover, the brand has attributed the increasing material cost and inflation as the reason for the upcoming price hike. The brand's lineup starts with the Tiago which starts at Rs 5 lakh (ex-showroom) and the flagship model of the lineup is the Safari which starts at Rs 15.50 lakh (ex-showroom).
Additionally, the rumour mills suggests that Tata Motors is planning to roll out the BaaS (Battery As A Service) option for the Tata Nexon. With the BaaS option the carmaker will be able to offer the Nexon EV at an affordable price point, and the customers can choose the subscription for battery based on their usage. The brand may launch the BaaS option for its other EVs as well to make them more affordable and to compete better in the EV market.
In other news, Tata Motors will be participating in the upcoming Bharat Mobility Expo 2025 and we can expect to see the producing ready Harrier EV & Sierra EV at the upcoming motor show.
Also Read: Kia Cars To Get More Expensive From January 1, 2025!
Verdict
The upcoming year will be a bummer for the potential car buyers as almost every mass market or premium carmaker has announced a price hike effective from 1 January 2025. Tata Motors has always played well with the pricing of their cars but the upcoming price hike may deter some of the potential Tata car buyers in the coming year.
