Tata Motors, BMW to Increase Car Prices in India Up to 2% Due to Cost Pressures

AI Summary

Tata Motors plans to raise commercial vehicle prices by up to 1.5% and passenger vehicle prices by an average of 0.5%. Audi will increase passenger car prices by as much as 2%. BMW Group India will also implement a price adjustment of up to 2%, effective April 1. These increases are attributed to higher materials and logistics costs linked to regional instability. Despite potential supply chain disruptions, passenger car sales in India rose 11% year-on-year to a record 417,705 units in February.