On April 14, Auto major Tata Motors proclaimed that the company is raising the prices of its passenger vehicles (PVs) from May 1.

The marginal price hike will be the subjective average of around 0.6 per cent, depending on the variant and model, the company said the exchanges.

The price hike comes after Tata Motors has captivated a significant portion of the upsurge costs ahead of regulatory changes and a rise in total input costs.

The company said it is “constrained to pass on some proportion” of the increased costs under this hike.

At 5:30 pm on April 13, Tata Motors traded at Rs 469.55, rose by Rs 4.30, or 0.92%. Stock Markets are closed on April 14, 2023, for Ambedkar Jayanti. On Thursday, it touched an intraday high of Rs 471.90 and an intraday low of Rs 463.05.