Indian automaker Tata Motors will be increasing the prices of vehicles up to 3 per cent across its passenger vehicles portfolio, including electric vehicles. The price hike will be implemented in January, 2025. 

The automaker said that it will be increasing vehicle prices due to a rise in inflation.

“The price increase will vary depending on the model and variant and is being taken to partially offset the rise in input costs and inflation,” the company informed the stock exchanges. 

Maruti Suzuki India (MSIL), Mahindra & Mahindra (M&M), JSW Motor India, Hyundai Motor India and Kia India have also announced an increase in their vehicle prices from January.

While MSIL will be implementing up to a 4 per cent increase, M&M and JSW Motor India will be implementing a hike of up to 3 per cent and Kia India will be increasing its vehicle prices up to 2 per cent.