Indian automaker Tata Motors Limited will be increasing its passenger and electric vehicle prices from April. This is the second time the company will be implementing price hikes in 2025.
The company did not specify the extent of the price hikes. It had earlier announced a price hike of up to 3 per cent in December 2024, which was implemented from January.
“The price adjustment is being undertaken to partially offset the impact of rising input costs. The extent of the hike will vary depending on the model and variant,” Tata Motors stated.
The price hike announcement comes a day after Maruti Suzuki Limited announced fresh price hikes of up to 4 per cent on its vehicle models from April.
Experts have cautioned automakers not to increase vehicle prices as it would impact consumer buying sentiments.
“The automobile market in the country is struggling to get numbers. We saw de-growth in February in terms of passenger vehicle sales. This is not the time to increase passenger vehicle prices. We are listening about reciprocal tariffs but nothing has been implemented, what happens to the auto component industry is yet to be seen. There is no reason to increase the prices, there is uniformity in supply changes and we do not foresee any dramatic changes happening in the automobile industry in the near time. In the current market conditions, with price increases, there will be direct repercussions to the passenger vehicle sales,” said Manish Raj Singhania, Chairman of Research & Academy at the Federation Of Automobile Dealers Association (FADA).
Earlier, Tata Motors announced price hikes of up to 2 per cent on its commercial vehicles from April.
