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Tata Motors to hike passenger vehicle prices by 1% from Jan

By Religare

Tata Motors to hike passenger vehicle prices by 1% from Jan
Automobile major, Tata Motors has planned to raise prices of its passenger vehicles by about 1 per cent from next month, said the media report.


"While there is to be about 1 per cent hike in our passenger vehicles pricing, the commercial vehicles business continues to review the situation and will take a call subsequently," a Tata Motors spokesperson told media.

Tata Motors markets a range of vehicles, ranging from passenger cars to heavy duty commercial vehicles.

The company's passenger vehicle portfolio comprises models from entry level hatchback Nano priced between Rs 1.5 lakh to multi utility vehicle Aria, which is priced up to Rs 14.95 lakh (ex-showroom Delhi).

Last week, leading car-makers Maruti Suzuki India and Hyundai had also announced to hike prices from January, joining the likes of Mercedes, BMW, Audi and Honda.

Earlier in the month, Honda Cars India Ltd (HCIL) had announced to take a price hike from first week of next month to partially offset impact of adverse exchange rate and inflation.

Dion Global Solutions Ltd.

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