The listed company has informed of the same in its regulatory filing with the stock exchanges.
For Thar, the existing price will hold for the bookings done from December 1, 2020 through December 7, 2021.
The company however informs its patrons that the price rise had to be done only because of an unprecedented rise in commodities and other input costs.
The CEO of Automotive Division, Veejay Nakra
said, "We have made all efforts to reduce our costs and deferred price
increase for a significant duration, but due to the quantum of input cost
increase, consequently we are taking this price increase effective January 8,
2021.”