Auto / Tata Motors to hike passenger vehicle prices by up to ₹25,000 from April

Livemint : Mar 23, 2019, 03:41 PM

Tata Motors currently sells a range of passenger vehicles starting from the Nano to premium SUV Hexa. The price hike is due to rising input costs & external economic conditions. Tata Motors Saturday said it will increase prices of passenger vehicles range by up to ₹25,000 from April on account of rising input costs & external economic conditions. The changing market conditions, rising input costs & economic factors.

The company joins the likes of Toyota and Jaguar Land Roverwhich have also stated that they would hike prices of select models from April.

"The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase," Tata Motors President, Passenger Vehicle Business Unit Mayank Pareek said in a statement.

Tata Motors currently sells a range of passenger vehicles starting from the Nano to premium SUV Hexa priced between₹2.36 lakh and ₹18.37 lakh.