On November 5, domestic automaker Tata Motors announced a slight price increase for all of its passenger vehicles (PVs).
“Effective November 7, 2022, the weighted average increase will be 0.9%, depending on the variant and model,” the company said in a statement.
The automaker claimed that although it had been passing along a substantial percentage of the increased expenses, the sharp increase in overall input costs had forced it to pass along a portion of the cost through this little price increase.
The automaker announced a little price increase of 0.55% for its PV range in July.
The company offers a variety of passenger cars for sale all around the nation, including the Tiago, Punch, Nexon, Harrier, and Safari.
On November 1, Tata Motors reported an increase in total sales of 15.49 percent to 78,335 units in October 2022. In the same month last year, the business sold a total of 67,829 cars, according to a statement from Tata Motors.
According to the report, total domestic sales increased by 17% to 76,537 units from 65,151 units in the same month last year.
PV sales, which include sales of electric vehicles, increased by 33% in the domestic market to 45,423 units in comparison to 34,155 units in the same month previous year.
PV exports decreased by 10% to 206 units in October 2021 from 230 units.
