The revised prices will come into effect from February 1, 2023.
Tata Motors has announced a price hike of 1.2% across its ICE model range. The revised prices will come into effect from February 1, 2023.
According to the company, prices are being increased due to regulatory changes and a rise in overall input costs. However, the company is absorbing a significant portion of the increased cost.
Tata Motors’ ICE portfolio includes a wide range of products starting with the Tiago, Tigor and Altroz to the Punch, Nexon, Harrier and Safari. The increase in the prices will depend on the model and variant.
Meanwhile, Tata Motors posted a net profit of Rs 2,958 crore in third quarter of last year. The company’s consolidated revenue rose by 22.5% to Rs 88,489 crore.
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