After luxury carmakers like BMW, Mercedes-Benz, and Audi, mass market carmakers like Maruti and Mahindra have also announced their respective annual price hikes. Maruti Suzuki has announced a 4 percent increase in prices whereas Mahindra will be increasing prices of its models by up to 3 percent.
Now, Tata Motors has announced a price hike of up to 3 percent across its PV lineup including electric vehicles (EVs). Like the carmakers mentioned above, the reason cited by Tata Motors for the latest price hike is to partially offset the rise in input costs and inflation. The latest price hike by Tata Motors will come into effect from 1 January 2025.
Currently, the most popular models for Tata Motors in the PV segment are Nexon and Punch with a respective starting price of Rs 8.00 lakh and Rs 6.13 lakh (both ex-showroom), respectively. After the latest price hike, Nexon and Punch could cost up to Rs 8.24 lakh and Rs 6.31 lakh for their respective, base variants.
Tata Motors activities in 2024
Tata Motors kickstarted the year 2024 with the launch of the Punch EV. The company is offering the Punch EV in five broad variants: Smart, Smart Plus, Adventure, Empowered, and Empowered Plus which are priced between Rs 9.99 lakh and Rs 14.29 lakh (ex-showroom).
However, the biggest launch from Tata Motors this year was the market launch of Curvv and Curvv EV. With prices starting at Rs 9.99 lakh and Rs 17.49 lakh (both ex-showroom), respectively, the coupe SUVs were launched amidst high anticipation. Both SUVs excelled at the Bharat NCAP scoring 5-star safety rating for adult as well as child occupancy.
Tata Motors expected launches in 2025
Tata Motors will have a very busy year in 2025 with multiple launches expected. This includes the Harrier EV in the first half of the year followed by the Sierra EV and Sierra ICE in the latter half of the year.
