Tata Motors to hike passenger vehicle prices by up to Rs 25,000
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NEW DELHI: Tata MotorsBSE 0.07 % on Monday said it will increase prices across its range of passenger vehicles by up to Rs 25000 from Jan 2018 due to rise in input rising input costs.
Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, "The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase. We are optimistic on maintaining our growth trajectory in the coming year on the back of our robust product portfolio like Tiago, Head, Tigor and the recently launched Nexon."
The introductory prices of the recently launched lifestyle compact SUV Nexon will be ending by 31st December and this entire range will also witness a price hike from January 2018 by upto Rs 25,000.
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