Tata Motors indicates increase in the price of new-age cars soon. The homegrown auto manufacturer has said that it will soon increase the price of the ‘New Forever’ range of models.

In the same regards, a formal announcement will be made soon. This means prices of the Tata cars and SUVs such as Tiago, Tigor, Altroz, Nexon, Harrier, Safari prices are now will go up. Tata Motors brief about the reason saying this price hike to the steep climb in overall input costs, due to the continuous rise in essential raw materials like steel and precious metals. It is yet to be revealed what would be the increased price and quantum of price hike for each model or some specific ones. The automaker has seen its new generation car and SUV range reviving its passenger vehicle business. Not only Tata Motors, a number of auto manufacturers had previously hiked prices for their respective passenger vehicles and two-wheelers citing the same reason. Among other automobile brands stands, Maruti Suzuki, Honda Cars India, Hero MotoCorp, Mercedes-Benz.

Meanwhile, the auto sales across the country are reviving slowly due to the devastating second wave of the Covid-19 pandemic. The price hike along with the surging prices of petrol and diesel have become a reason of concern for public.

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