Tata Motors also reported a small increase in domestic sales. Domestic sales figures showed a 1% increase, reaching 73,246 units in November 2024, up from 72,647 units in November 2023.Tata Motors will increase prices on its passenger vehicles, including electric vehicles, by up to 3% starting in January 2025. This price hike aims to partially offset rising input costs and inflation. The increase will vary across models and variants. Tata Motors joins several other automakers who have also announced price increases for 2025.
"Effective January, 2025, the price increase will vary depending on model and variant, and is being taken to partially offset the rise in input costs and inflation," stated the company.
OEMs who have announced price hike
Other manufacturers announcing price increases include JSW MG Motor, M&M, Maruti Suzuki, Hyundai India, Audi, BMW, Mercedes Benz India, and Nissan. These companies have also cited increasing commodity and operational costs as the reason for the price adjustments.
Sales
Tata Motors also reported a small increase in domestic sales. Domestic sales figures showed a 1% increase, reaching 73,246 units in November 2024, up from 72,647 units in November 2023.
"Total domestic sales were up 1% at 73,246 units last month as against 72,647 units in November 2023," Tata Motors said in a statement.
The price increase comes as Tata Motors reported a slight sales increase in November 2024. The company sold 74,753 units, compared to 74,172 units in November 2023. This minor growth was primarily driven by passenger vehicle sales.
