Tata Motors has announced a price hike on its cars starting from Rs 5000 to Rs 17000. The hike will be applicable on the Tiago, Hexa, Zest and Bolt. The newly launched Tigor, however, will not be affected by this price rise.
Currently, the Zest is priced at Rs 5.3 lakh (ex-showroom, Delhi) and above. The price for the Tiago stands at Rs 3.3 lakh (ex-showroom, Delhi) for the base variant and the base trim of the Hexa has a price tag is Rs 11.99 lakh (ex-showroom, Delhi). The current price tag on the Bolt is Rs 4.79 lakh (ex-showroom, Delhi) onwards.
Tata has had a healthy growth in terms of sales. The company posted a 23% increase in its passenger vehicles' sales in the country as compared to the same period last year. It should be noted that this success is driven by the new models such as the Hexa, Tiago and the latest Tigor.
Speaking of new developments, Tata Motors will be introducing an all-new hatchback based on the MoFlex structure and will be sold under TAMO brand. It is expected that the new hatchback will get an electric powertrain and will get a shorter wheelbase too.
It is expected that Tata Motors might introduce a car similar to the Nano with electric power train, which was earlier showcased at the 2010 Geneva Motor Show. The car will be powered by a lithium ion battery pack to offer sufficient range for urban usage. While the company hasn't made any official comment, we expect the new electric car to be priced at around Rs 5 to Rs 6 lakh and when launched, it will compete with the likes of Mahindra e2o Plus.