Tata Motors. Its Price Hike: Why You Should Buy Now
Tata Motors. Its Price Hike: Why You Should Buy Now
Introduction
Tata Motors is one of the most popular and trusted car brands in India. The company offers a variety of range of passenger vehicles, from hatchbacks and sedans to SUVs and electric cars. Tata Motors is known for its quality, safety, innovation, and value for money.
However, if you are planning to buy a Tata Motors car soon, you may have to pay more than before. The company has announced that it will increase the prices of its passenger vehicles from May 1, 2023. This is the second time in 2023 that Tata Motors has raised prices, after a 1.2 percent hike in January.
Why is Tata Motors raising prices?
Tata Motors has cited two main reasons for the price hike: regulatory changes and a rise in input costs. Let’s look at them in detail.
– Regulatory changes:
The government has introduced new norms and standards for the automobile industry, such as emission norms, safety features, and fuel efficiency. These norms require car manufacturers to invest more in research and development, technology, and compliance. Tata Motors has been complying with these norms and upgrading its products accordingly. However, this also increases the cost of production and operation.
– Rise in input costs:
The cost of raw materials, components, and fuel has been rising steadily due to various factors such as inflation, supply chain disruptions, global demand, and currency fluctuations. Tata Motors has been absorbing a significant portion of these increased costs and trying to minimize the impact on customers. However, the company has said that it is compelled to pass on some proportion of these costs through a marginal price hike.
How much will the prices increase?
The price hike will vary depending on the variant and model of the car. The weighted average increase will be around 0.6 percent. This means that if a car costs Rs 10 lakh before May 1, it will cost Rs 10.06 lakh after May 1.
Which models will be affected?
The price hike will affect all the passenger vehicles of Tata Motors, including its ICE (internal combustion engine) and EV (electric vehicle) range. Some of the popular models of Tata Motors are:
– Tata Tiago: A stylish and spacious hatchback with a starting price of Rs 4.99 lakh (ex-showroom).
– Tata Altroz: A premium hatchback with a 5-star safety rating and a starting price of Rs 5.79 lakh (ex-showroom).
– Tata Tigor: A compact sedan with a sleek design and a starting price of Rs 5.49 lakh (ex-showroom).
– Tata Nexon: A subcompact SUV with a sporty look and a starting price of Rs 7.19 lakh (ex-showroom).
– Tata Harrier: A midsize SUV with a powerful performance and a starting price of Rs 14.29 lakh (ex-showroom).
– Tata Safari: A flagship SUV with a luxurious interior and a starting price of Rs 14.99 lakh (ex-showroom).
– Tata Nexon EV: India’s best-selling electric SUV with a range of 312 km and a starting price of Rs 13.99 lakh (ex-showroom).
Why you should buy now
If you are planning to buy a Tata Motors car soon, you should hurry up and book your car before May 1. By doing so, you can save some money and avoid paying extra for your car.
Tata Motors cars are worth buying because they offer:
– Quality:
Tata Motors cars are made with high-quality materials and components that ensure durability and reliability.
– Safety:
Tata Motors cars are equipped with advanced safety features such as airbags, ABS, EBD, ESP, hill hold control, traction control, etc. Some of its models have also received the highest safety ratings from global agencies.
– Innovation:
Tata Motors cars are powered by innovative technologies such as iRA connected car system, Ziptron EV technology, Harman infotainment system, etc.
– Value for money:
Tata Motors cars offer great value for money as they provide features and benefits that are comparable or superior to other brands at competitive prices.
Conclusion:
Tata Motors is one of the best car brands in India that offers a range of passenger vehicles for different segments and preferences. However, the company has announced that it will increase the prices of its cars from May 1, 2023, due to regulatory changes and rise in the input costs.
Thank you for reading this post. I hope you found this informative and useful. Please share your thoughts, opinions, and suggestions in the comments below.
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