Tata Motors to Increase Prices of its Cars from Next Month

Tata Motors, one of the largest automobile companies, has announced to increase the prices of all its vehicles from next month. The company has said that the reason for this is to reduce some of the burden of the increase in input costs. The increase in prices will be applicable to cars with petrol and diesel engines as well as electric vehicles (EV).

A media Report According to, the prices of its cars will be increased by 0.7 percent. Tata Motors has launched its second electric SUV Punch. With this, the company now has four electric vehicles. Recently, Maruti Suzuki also increased the prices of its passenger vehicles. Some other automobile companies have also increased the prices of their cars.

Tata Motors has planned to install around 10,000 charging stations for EVs in the next two years. For this, tie-ups have been done with operators like Chargezone, Glida, Statiq and Zeon. Tata Motors ranks first in the EV segment of the country. It also has a large EV charging network. The company has sold more than 1.15 lakh electric vehicles.

Chargezone, Glida, Statiq and Zeon have around 2,000 charging stations in various cities of the country. The tie-up with Tata Motors will increase this number to around 12,000. Tata Motors has requested the central government not to give tax exemption on hybrid cars. Toyota, a leading company in the hybrid car segment, had demanded a reduction in tax on hybrid vehicles. Tata Motors is present in both the Internal Combustion Engine (ICE) and Electric Vehicles (EV) segments. A Reuters report had said that Tata Motors says that tax on hybrid cars should not be reduced as they spread more pollution than EVs. Earlier, Tata Motors had also opposed giving tax exemption to American EV maker Tesla on import of electric cars. Hybrid cars that use an electric battery pack along with a petrol engine and an electric motor are taxed at 43 per cent in the country. In comparison, cars with petrol engines are taxed at 48 per cent. EVs are taxed at five per cent.