Tata Motors: Tata Motors has announced to increase the prices of its cars. From July 17, the company will increase the prices of car model Punch, Nexon etc.

It is worth noting that those who book the car till July 16 will not be affected by the new price. Apart from this, there will be no impact of the increased price on car deliveries till July 31.

Increase in prices of all models including electric vehicles 

According to the information, Tata will increase the prices of all its cars. In a statement issued by Tata Motors, the prices are being increased to counter the effect of increase in raw material cost. 

The company will increase the prices of its passenger vehicles by an average of 0.6 per cent. The hike will be applicable across all models and variants including electric vehicles.

80,383 units sold in June

If we look at the sales figures of Tata Mortars in the last June, it has increased by one percent on an annual basis. Tata sold a total of 80,383 units of its cars. Whereas in June 2022 this number was 79,606 units. 

According to Tata, sales of passenger vehicles including EVs in the domestic market have increased by 5 per cent. The company sold a total of 47,235 vehicles in this segment. Whereas in June, 2022 this number was 45,197.

Increased by 8 percent annually

Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited, said that the demand in the passenger vehicle industry has increased in the first quarter of the current financial year. 

This demand was mainly in new vehicles, especially SUVs and electric vehicle segments. He said that Tata Motors has sold 1,40,450 vehicles in the first quarter of the current financial year with an annual growth of 8 per cent.