Chennai | Automobile major Tata Motors on Friday announced a hike in the prices of its internal combustion engine (ICE) passenger vehicles. “Effective February 1, 2023, the weighted average increase, depending on the variant and model, will be 1.2 per cent,” the company said.
According to Tata Motors, the company is absorbing a significant portion of the increased costs due to regulatory changes and increase in overall input costs and hence passing some portion of this increase through.
(IANS)
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