Buying a new car could soon become more expensive. Tata Motors has announced a price hike of up to 1.5% across its passenger vehicle range from July 1, 2026. The increase will apply to both petrol, diesel, and electric vehicles.
The company shared the announcement through a stock exchange filing on Friday.
Why Is Tata Motors Increasing Prices?
Tata Motors said the decision has been taken due to rising input costs and persistent inflation. According to the company, it is absorbing a major portion of the increased costs, but some of the burden needs to be passed on to customers.
The automaker also said that the price increase will vary depending on the model and variant. This will help maintain the overall value offered by each vehicle.
Notably, Tata Motors last increased vehicle prices on April 1 this year.
Maruti Suzuki Has Already Raised Prices
Before Tata Motors, Maruti Suzuki also announced a price hike across its lineup. The company increased prices by up to ₹30,000 on its vehicles due to rising costs and inflationary pressure.
The revised prices are applicable to vehicles booked from June 15 onwards. However, the exact increase varies from model to model.
BMW Cars to Get More Expensive Too
Luxury car maker BMW Group India has also announced a price hike from July 1.
The company said prices of all BMW and Mini vehicles sold in India will increase by 2% starting next month.
With several major carmakers announcing price hikes, buyers planning to purchase a new vehicle may want to do so before the new prices come into effect.
