Wednesday, January 27, 2021
Indian Drives
No Result
View All Result
No Result
View All Result
Indian Drives
No Result
View All Result
Home Featured

Tata Motors hikes prices by INR 35,000

by indiandrives
in Featured, Latest News
0 0
0
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

This comes as a distress for all those Tata enthusiasts who were planning to buy a new Tata car as the company owing to the recent budget session raised the prices of its segment of cars up to INR 35,000. The recently held budget session did not fare well for the Indian automobile industry which is said to be one of the most thriving automobile industries all across the world. Earlier the excise duty levied on the small cars was 10% and this has now been increased to 12%. So as a result the prices of all the cars of Tata Motors have been increased. The prices of the small cars of Tata will be increased somewhere in the range of INR 2000-8000 and the same will increase for other cars of Tata which fall in the higher price category.

The luxury car segment in India has taken a beating following the budget session as the import duty on all the cars priced above INR 20 Lakhs has been increased from 50% to 75% now and thus the price range of luxury cars is set to escalate. Thus Tata Motors fears for the launch of the new Tata Safari Storme and the price of Nano is also set to increase due to this venture by the Finance Minister. The spokesperson of Tata Motors has released a statement saying that Tata could not sustain the losses due to the budget session and as a result, they have increased prices of all of its cars. Tata fears that the demand of Tata Safari Storme won’t be as they expect due to this price hike and the same will go with the upcoming 2012 Nano. Nano is considered as one of the most economical cars ever made by Tata and since Toyota Kirloskar has also decided to increase the prices, thus Tata has no option left but to follow the same trend that every other car maker is following owing to the budget session.

Tata Motors hikes prices by INR 35,000

Last year also, the prices of the cars increased as the budget session ascertained that the interest rate on cars is set to rise by a subsequent percentage and this year the same thing happened as both import as well as excise duty has been increased on all the cars and not only Tata Motors. The price-hike is said to be active with immediate effect and the demand of cars is said to fall by a subsequent percentage.  Earlier the sales percentage of Automobile makers in India was a meager 16%but owing to the budget session, this percentage is said to further decrease. Tata spokesperson and other automobile manufacturers are quite taken aback by this move as they did not see it coming. Thus Tata is keeping its fingers crossed regarding the budget session which is about to take place next year and is optimistic about the next year. The rivals of Tata have also increased the prices and thus in order to maintain the throne, Tata was left with no other choice.

Tata Motors hikes prices by INR 35,000

Tags: New Tata Safari Storme 2012Rs. 35000 price hiked for Tata MotorsTata luxury car segment in IndiaTata Motors price to hike by Rs. 35000
Previous Post

2012 Chevrolet Tavera Neo 3 launched

Next Post

Nissan introduces Datsun for India: Official

Next Post

Nissan introduces Datsun for India: Official

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Archives

Recent Posts

  • Latest News From Indian Automobile Industry – Honda, Mercedes, Royal Enfield, Kawasaki, Aston Martin
  • Best Selling Compact SUVs In The Month Of December 2020 In India
  • Aston Martin DBX SUV Launched In India: Prices Start At Rs 3.82 Crore
  • Kawasaki Bikes Offers & New-Year Discounts For January 2021: Benefits Of Rs 50,000 On Select Models
  • Royal Enfield Motorcycles Price Increase Announced In India

Categories

Indiandrives.com

© 2020 Indian Drives

Navigate Site

  • Auto Expo 2020
  • Aston Martin
  • Audi
  • Bentley
  • BMW
  • Buyers Guide
  • Car Comparison
  • Chevrolet
  • Driving Tips
  • Events
  • Featured
  • Ferrari
  • Fiat
  • Force
  • Ford
  • Great Wall Motors
  • Harley Davidson
  • Honda
  • Hyundai
  • Isuzu
  • Jaguar
  • Kia
  • Koenigsegg
  • KTM
  • Lamborghini
  • Latest Cars
  • Latest News
  • Lexus
  • Mahindra
  • Maruti Suzuki
  • Maserati
  • Mercedes Benz
  • MG Motor
  • Mitsubishi
  • New Car Reviews
  • Nissan
  • Peugeot
  • Porsche
  • Range Rover
  • Renault
  • Rolls Royce
  • Skoda
  • Tata
  • Test Drive
  • Auto Expo 2020
  • Toyota
  • Kia
  • Upcoming Cars
  • MG Motor
  • Used Car Reviews
  • KTM
  • Volkswagen
  • Isuzu
  • Volvo
  • Harley Davidson
  • MG
  • Great Wall Motors

Follow Us

No Result
View All Result

© 2020 Indian Drives

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In