The extent of the price hike will depend on the make, model, and variant of the vehicle.
Also read: Trump tariffs are stalling investment plans of automakers and part suppliers as they await clarity: Report
The prices of Tata Motors' commercial vehicles will also see a price rise of up to 2%, which will also take effect from April 1, 2025.
The company, worth $44 billion, in an exchange filing said it remains committed to providing cutting-edge mobility solutions despite the rising production expenses.
Also read: LIC requests RBI to introduce 100-year government bonds
The price hike is expected to particularly affect fleet operators and logistics businesses, which are significant consumers of Tata Motors' commercial vehicles.
However, industry analysts believe that Tata Motors' strong brand reputation and extensive service network will help mitigate the impact on its market share.
Also read: IIM graduate says he paid off his MBA loan in 8 years instead of 3: ‘My best financial decision’
Despite the price increases, the company is expected to maintain its dominant position in the Indian automobile market.
The ex-showroom price of the company's latest passenger vehicle model, Curvv, starts at ₹9.99 lakh and goes up to ₹20 lakh. On the other hand, its more affordable offering Tiago starts at ₹4 lakh and goes up till ₹9 lakh.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.