Tata Motors has yet again added a price hike on the Nano. Earlier, the Nano had attracted a 6,000-rupee increase in its sticker price owing to the rising input costs and costs incurred from upgrading equipment to suit the Bharat Stage 4 norms. This time around the price hike comes at a value of Rs. 9,000 which Tata considers ‘minor’ compared to the escaling costs of raw materials. The price hike will vary as per the model and the city in which the Nano is being bought, but the increased price is sure to upset the prospective customers who are planning to buy the Nano on the occasion of Diwali.
Tata Motor’s official statement reads:
Tata Motors is taking a minor price increase on the Tata Nano, effective from November 1, to partially neutralise the steep increase in input costs in the last two years. The average increase is about Rs 9,000 (ex-showrooms), with prices varying from city to city and model to model.