Car buyers planning to bring home a new vehicle may want to act quickly. Starting April 1, purchasing certain cars in India will become slightly more expensive, as several automakers have announced price hikes. Among them is Tata Motors, which has confirmed an increase in prices across its petrol, diesel and CNG vehicle range.
Tata Motors Announces 0.5% Price Hike
Tata Motors said it will raise prices of all its internal combustion engine (ICE) vehicles by 0.5 percent from April 1. The company cited rising input costs as the primary reason behind the revision. The increase will apply to all models and variants powered by petrol, diesel and CNG engines.
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This means customers planning to buy a Tata car after April 1 will have to pay more than current showroom prices. The company has clarified that the revision is applicable across its entire ICE portfolio.
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How Much More Will Customers Pay?
The exact increase will depend on the model and variant chosen. Based on current pricing, the hike is expected to range from around Rs 2,285 to nearly Rs 13,000. However, Tata Motors has not disclosed which specific models will see the highest increase, nor has it released an updated price list yet.
Currently, the most affordable Tata car is the Tata Tiago, with a starting price of Rs 4.57 lakh. At the higher end of the lineup, the Tata Safari starts at Rs 13.29 lakh. Buyers across this range will feel the impact of the price adjustment.
It is important to note that the company has not announced any changes in the pricing of its electric vehicles so far.
Other Car Companies Also Raise Prices
Tata Motors is not alone in increasing prices. Luxury carmakers Mercedes-Benz and BMW have also confirmed price hikes of up to 2 percent, effective April 1. These companies have blamed the weakening rupee and ongoing supply chain challenges for their decision.
Industry experts believe other manufacturers may follow suit in the coming weeks, although brands like Maruti and Hyundai have not yet made any formal announcements.
Premium Petrol Prices Also Revised
In addition to vehicle price hikes, oil companies have increased the price of premium petrol. While there has been no major change in regular petrol rates, premium petrol prices have gone up by Rs 2.09 to Rs 2.35 per litre.
With both vehicle and fuel costs rising, buyers may need to reconsider their budgets before making a purchase decision.