From July 17, Tata Motors will raise the pricing of its passenger cars by a little amount. All of its cars and SUVs will be subject to the price increase. However, Tata Motors has provided price protection on all reservations through July 16, 2023.
A brief about from July 17, Tata Motors will increase the price of all vehicles, including SUVs
Both ICE and EV vehicles would be subject to the price increase for Tata cars. The business estimates that purchasers can anticipate an average price increase of 0.6% across models and variants. The Indian automaker has cited the lingering effects of previous input costs as the cause of the price rise. According to Tata Motors, it will offer price protection for reservations placed up until July 16 and for deliveries made up to July 31.
In Q1 FY 2023–24, Tata Motors sold 2,26,245 automobiles as opposed to 2,31,248 in Q1 FY 2022–23. Tata Motors reported domestic sales of 80,383 units in June 2023, which is just a little bit more than the 79,606 units sold in the same month in 2022. Tata Motors sold 47,235 PVs in June 2023 compared to 45,197 units in June 2022 in terms of total domestic PV sales (including EVs).
The current session on BSE saw Tata Motors shares closing 1.50 percent higher at Rs 595.50 in response to the sales numbers. Notably, the auto stock has increased by 51% this year and by 44% over the past 12 months.