Tata Motors, Honda Are Likely To Price Hike In Upcoming Month, These Are The Reason

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Tata Motors Car Price: The prices of Tata Motors and Honda cars may increase soon. In fact, there is a huge pressure on the cost in the automobile sector at this time, due to which car manufacturing companies are discussing about making their vehicles expensive and can take a decision soon. In the auto ancillary segment also, the effect of increasing input cost is being seen at this time and auto parts are getting expensive.

News quoted by PTI
According to the news quoted by news agency PTI, the management of Tata Motors has said that commodity prices, raw materials and many other types of input costs are increasing continuously, due to which Tata Motors may also be forced to increase prices going forward. Apart from this, Honda Cars can also increase the prices of cars in the coming year or before the end of December itself and serious discussion is going on on this. A spokesperson of the company has told PTI that due to the increase in commodity prices, the biggest impact is also on the automobile sector. This is likely to have an impact on the production cost.

Which commodities had the effect of rising prices?
Due to the increase in the prices of steel, copper, aluminum, zinc, the production cost of cars has increased significantly and apart from this, the auto industry had to face losses like other industries even during the last lockdown period. Due to this, now production has become even more expensive. Everyone’s mixed effect is being seen on the automobile industry at this time. Therefore, you are advised that if you are thinking of buying a car from Tata Motors and Honda, then finalize it soon.

Maruti, Honda, Audi have also increased prices
The country’s largest carmaker Maruti Suzuki has already announced to increase the prices. Along with the passenger cars segment, a big name in the category of luxury cars i.e. Mercedes Benz and with it Audi has already announced to make cars expensive. So there is every possibility that Tata and Honda can also make their cars expensive.

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