Nexon, Punch, Harrier to get costlier! Tata Motors PV announces price hike from April 1

Tata Motors on Friday said it will increase prices of its passenger vehicles from April 1, 2026, joining a broader industry trend of automakers passing on rising costs to consumers.

The company’s passenger vehicle arm, Tata Motors Passenger Vehicles Ltd (TMPV), announced that it will raise prices across its internal combustion engine (ICE) portfolio. The weighted average increase will be 0.5 per cent, although the extent of the hike will vary depending on the model and variant.

The automaker said the revision is being undertaken to partially offset the continued rise in input costs.

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Company profile and market position

Tata Motors PV is a Mumbai-based automobile manufacturer and part of the Tata Group. As of 2025, it is the third-largest carmaker in India by sales, after Maruti Suzuki and Mahindra & Mahindra, and ahead of Hyundai Motor India.

The company offers a wide range of passenger vehicles across segments, including SUVs, hatchbacks and sedans, with both internal combustion engine (ICE) and electric vehicle (EV) options.

Its portfolio includes SUVs such as Nexon, Punch, Harrier, Safari and Curvv, hatchbacks like Altroz and Tiago, and sedan Tigor. In the EV segment, models such as Nexon.ev, Punch.ev, Tiago.ev and Tigor.ev have a strong presence in the domestic market.

Rising cost pressures

The development comes at a time when cost pressures across the automobile sector remain elevated due to higher commodity prices and supply chain-related expenses.

Commercial vehicle price hike

In addition to passenger vehicles, Tata Motors also announced a price hike for its commercial vehicle (CV) segment. The company said it will increase prices by up to 1.5 per cent across its CV range, effective April 1, 2026.

“The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs. The increase will vary depending on the model and variant,” the company said in a regulatory filing.

Industry-wide trend

The move by Tata Motors is part of a wider industry trend, with several automakers announcing price hikes effective next month.

BMW Group India said it will increase prices of its vehicles by up to 2 per cent across its BMW and MINI range from April 1. The company cited escalating logistics and material costs, along with the depreciating rupee, as key reasons for the price revision.

Similarly, Audi India said it will raise prices of its cars and SUVs by up to 2 per cent. The increase will vary depending on the model, with the company attributing the hike to rising input costs and currency fluctuations.

Mercedes-Benz India has also announced a price increase of around 2 per cent across its model range, effective April 1. The luxury carmaker said the decision is driven by continued forex volatility, particularly the depreciation of the rupee against the euro, along with higher input costs.

Impact on consumers and outlook

Industry players said that while companies attempt to absorb part of the cost pressures, sustained increases in raw material prices and currency volatility are forcing periodic price adjustments.

The latest round of hikes indicates that automobile manufacturers are continuing to recalibrate pricing strategies to protect margins amid a challenging cost environment.

The price revisions, which will come into effect at the start of the new financial year, are expected to impact both mass-market and luxury vehicle buyers, with the extent of increase varying across segments and models.