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