The Government of India is moving to introduce make flex fuel mainstream as it works to mitigate rising global oil prices. (Image credit: Hero Motocorp)

The move brings the starting cost of the Model Y down by ₹9 lakhs, but reduces the available options.

The Ampere Magnus G-Max (above) was launched during the past financial year.

The previously announced Ola Gig (left) and Ola Gig+ (right) aimed at the same market were set to launch in mid-2025, but were delayed indefinitely.

Pricing starts at ₹4.69 lakh for the new Tiago (petrol) and ₹5.79 lakh for the Tiago iCNG. The Tiago EV starts at ₹6.99 lakhs or ₹4.69 lakhs with the BaaS option.

The price increase is due to rising input costs, increased commodity prices, and higher operational expenses.

The company said its broader strategy has prioritised keeping service infrastructure ahead of sales growth.

Crisil warned toll collection growth could fall by approximately 150 to 200 basis points year-on-year, as freight movement and industrial activity come under pressure from geopolitical uncertainty.