11:05 PM EST, 01/29/2023 (MT Newswires) -- Automobile manufacturer Tata Motors (NSE:TATAMOTORS, BOM:50057) plans to raise the prices of its passenger vehicles by an average of 1.2% across models effective Feb. 1, according to a Friday filing.
The company said it has been absorbing a major part of the increased costs driven by regulatory changes and the rise in overall input costs. Now it is passing on a part of this to the consumers through the price increase.
The amount of increase of will vary depending on the variant and model.
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