Best time to buy Tata cars, EVs? Price hike from this date: Here’s by how much
Tata Motors has announced an impending price hike for its entire lineup, effective January 2025. This upward price revision will apply to its SUVs, electric vehicles, and other models, with increases of up to 3 percent, depending on the variant and model. The automaker cited rising input costs and inflation as the primary reasons for this upward revision. Similar moves have been announced by several other car brands, including rivals such as Maruti Suzuki, Hyundai, Mahindra and more.
Tata’s growing EV range, which includes popular models like the Nexon EV, Punch EV, Curvv EV and Tiago EV, will also be impacted by this price revision. With the rising demand for EVs, the adjustment is seen as a response to increasing production expenses in this segment.
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Tata Motors sales snapshot: November 2024
Tata Motors has shown resilience in its sales performance. The company recorded a marginal growth in overall sales, delivering 74,753 units in November 2024, compared to 74,172 units during the same month last year.
Passenger vehicle sales, including EVs, saw a 2% increase, totaling 47,117 units, up from 46,143 units in November 2023. The domestic PV segment mirrored this growth, registering 47,063 units sold in November 2024 compared to 46,068 units the previous year.
The price hike by Tata Motors aligns with an industry-wide trend, as other manufacturers also grapple with inflationary pressures and rising costs. For instance, Maruti Suzuki has announced an increase of up to 4%, while Hyundai plans to raise prices by as much as Rs 25,000.
