Tata Motors has announced that effective 3rd August, it will increase prices of its passenger vehicles, on an average of 0.8 percent, depending on the variant and model.

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"Continuing with its commitment towards customers, and acknowledging the faith and confidence they have reposed in Tata Motors’ New Forever range, the company will offer protection from the price increase to vehicles that will be retailed on or before 31st August’21," the company said in a statement.

 

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For the wellbeing of its business and supporting ecosystem, Tata Motors had recently announced that it has set in motion a comprehensive ‘Business Agility Plan’ to protect and serve the interests of its customers, dealers and suppliers.

It can be noted that the price protection is applicable only on vehicles retailed/ billed on or before August 31, 2021.

Tata Motors Limited, a USD 35 billion organization, is a global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses. Part of the USD 113 billion Tata group, Tata Motors is the country's only OEM offering extensive range of integrated, smart and e-mobility solutions.

It has operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia through a strong global network of 103 subsidiaries, 10 associate companies, 3 joint ventures and 2 joint operations as on March 31, 2020.