Tata Motors to increase prices of its Passenger Vehicles by upto INR 60,000 from April 2018
Kolkata / Mumbai, Mar 20 (IBNS): Automobile giant Tata Motors on Tuesday announced that the Company would be increasing prices of its entire passenger vehicles range by up to INR 60,000 (depending on the model).
This increase in price is due to rising input costs and will be effective Apr 1, 2018.
According to Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, “The rising input costs, changing market conditions and various external economic factors, have compelled us to consider the price increase but we are optimistic on maintaining our growth trajectory in the coming year on the back of our robust product portfolio like TIAGO, HEXA, TIGOR and NEXON.”
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