Tata Motors price hike: Punch, Altroz, Tigor, Tiago new price list

Tata Motors, India’s leading vehicle manufacturer today announced that it will marginally increase price of its passenger vehicles from May 1, 2023.  The weighted average increase will be 0.6%, depending on the variant and model.  Tata Motors price hike: Punch, Altroz, Tigor, Tiago new price list.

Tata Motors has been absorbing a significant portion of the increased costs on account of regulatory changes & rise in overall input costs and is hence compelled to pass on some proportion through this hike. The carmaker had previously announced this hike and it now applies to models such as the Tiago, Tigor, and Altroz, with increases of up to Rs 15,000.

The latest price list shows that both the Nexon SUV and Altroz premium hatchback have been subject to price increases of up to Rs 15,000. Almost all Altroz variants have seen an increase in price, except for the two top-spec DCT versions.

The petrol variants have experienced a uniform price hike ranging from Rs 5,000 to Rs 15,000, with the base XE and XE+ variants seeing the highest increase and the XM+ seeing a hike of Rs 5,000. The remaining petrol variants have been subject to a Rs 10,000 hike.

Most of the diesel variants have seen a Rs 15,000 increase in price, while the DCT variants have gone up by a maximum of Rs10,000. The Tata Altroz’s price range now starts from Rs 6.60 lakh and goes up to Rs 10 lakh (ex-showroom). Tata’s best-selling car in India, the Nexon SUV, has also been subject to a price increase of up to Rs 15,000.

Meanwhile, the Tigor sedan, which competes with the Maruti Dzire and Hyundai Aura, has experienced a price increase of up to Rs 10,000. The largest hikes have been applied to the base petrol and CNG versions. The Tigor’s price now starts at Rs 6.30 lakh and goes up to Rs 8.60 lakh (ex-showroom).

This hike applies only to the XM S petrol AMT variant. The majority of petrol manual variants have experienced a Rs 10,000 increase, while all but two of the base diesel variants have seen prices rise by Rs 15,000. The starting price for a Nexon SUV is now Rs 7.80 lakh, with the range going up to Rs 14.50 lakh (ex-showroom).

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The second best-selling car, the Punch SUV, has experienced a uniform price increase of Rs 10,000. The micro SUV’s price now ranges from Rs 6 lakh to Rs 9.42 lakh (ex-showroom) for the top-spec Creative variant with iRA technology. Moreover, the Tiago hatchback, including the CNG versions, has seen a price increase of Rs 6,000 on most of its variants.

The starting price of the hatchback, which is also available in an electric avatar, is now Rs 5.60 lakh and goes up to Rs 8.01 lakh (ex-showroom) for the CNG version of the Tiago NRG.