The quantum of increase will vary depending on the model and variant. The price revision has been necessitated by a combination of rising input and commodity costs, higher operational expenses and continuing geopolitical and macroeconomic uncertainties, among other factors, the company said in an exchange filing.
The Company continues to make every endeavor to optimise costs and absorb cost escalations to minimise the impact on customers. However, the persistence of these cost pressures has necessitated passing on a part of the increased costs to customers through this marginal price revision, it added.
