Tata Motors to hike vehicle prices from April

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Indian automajor Tata Motors on Saturday announced that the company will increase the price of its passenger vehicles range by up to Rs 25,000 from starting April 2019.

This hike in price is due to rising input costs and external economic conditions, the company said in a statement.

Commenting on the development Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors said “The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase.”

He further added that the company, however, is confident of maintaining its growth trajectory in the coming months on the back of our robust portfolio consisting of segment-leading products like TIAGO, HEXA, TIGOR, NEXON and the HARRIER.

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