Tata Motors announces price hike for its PV range, Check details

Tata Motors is going to hike prices across its entire range of PV cars from 17 July, 2023. The company will be charging an average of 0.6 per cent more price on both internal combustion engine (ICE) vehicles, as well as electric vehicles (EVs) models.

Meanwhile, to give relief to the customers, Tata will offer price protection benefits to those who book any model up to 16 July and for the deliveries made prior to 31 July, 2023.

As per the Indian manufacturer, the price hike is to offset the residual impact of the past input costs in the production and operation of the brand.

Currently, Tata Motors has multiple ICE models on sale, including the Tiago, Tigor, Punch, Altroz, Nexon, Harrier, and the Safari. Moreover, the carmaker has three all-electric models in its line-up, including the Tiago EV, Tigor EV, and the Nexon EV in the Indian market.

The advantage of the price protection policy is date specific. Bookings that meet the criteria are unaffected. This ensures that customers enjoy their purchase without incurring any additional expenses. Price protection factored in by manufacturers provides a sense of security to potential buyers. One can then make bookings with the confidence that the price they agreed upon will remain unchanged. This of course is dependent on delivery date.