New Delhi: Tata Motors Passenger Vehicles Ltd (TMPV) on Friday said it will raise prices of its vehicles by up to ₹25,000 from September 1 to partially offset rising input costs and inflationary pressures.
The price increase across its portfolio, covering both internal combustion engine (ICE) and electric vehicles (EVs), will vary across models and variants, TMPV said in a statement.
"This price revision is being undertaken to partially offset the impact of rising input costs and sustained inflationary pressures," the company said.
While TMPV continues to absorb a significant portion of these increases, a part of the impact is being passed on to customers through this adjustment, it added.
The extent of the price increase will vary across models and variants, ensuring that the overall value proposition of each offering is maintained, the company said.
At present, TMPV sells a range of internal combustion engine and electric vehicles, from the entry-level hatchback Tiago to the premium SUVs Safari and Harrier EV, priced from around ₹4.7 lakh to ₹31 lakh.