Key Quantitative Figures
The company will increase prices of its vehicles by up to 1% across its portfolio. The exact quantum of increase will vary depending on the specific model and variant.
Effective Date
The price increase will become effective starting September 2026.
Stated Rationale
The price revision has been necessitated by multiple factors including:
- Rising input and commodity costs
- Higher operational expenses
- Continuing geopolitical uncertainties
- Continuing macroeconomic uncertainties
The company states it continues to make every endeavor to optimize costs and absorb cost escalations to minimize customer impact. However, the persistence of these cost pressures has necessitated passing on a portion of the increased costs to customers through what it describes as a "marginal price revision."