Tata Motors to hike PV prices from January 1
Company cites increased manufacturing costs as key reason for price hike, ranging from Rs 5,000 to Rs 25,000.
Close on the heels of Toyota Kirloskar Motors announcing a price hike from next month, Tata Motors today has announced that it will be increasing prices of its passenger vehicles, by Rs 5,000 up to Rs. 25,000, depending on the model. The increase will be effective from January 1, 2017.
According to Mayank Pareek, president, Passenger Vehicle Business, Tata Motors, “The increase in prices of raw material commodities like steel, aluminium, copper and rubber over a period of time has put a lot of pressure on us and we are forced to hike prices of our passenger vehicles. We are seeing good demand for our cars and have witnessed month-on-month growth thanks to the Tiago. We are gearing up for the launch of the Hexa in January 2017."
More from Tata Motors:
- Tata Motors Group posts flat global wholesales in November
RELATED ARTICLES
Skoda India makes six airbags standard fitment in Kushaq and Slavia
The introduction of six airbags as standard across the Kushaq SUV and Slavia sedan range furthers the safety quotient in...
Ampere Vehicles to launch new Nexus electric scooter on April 30
The all-new Nexus will be Ampere Vehicles’ flagship scooter. Key highlights include four riding modes, an LFP battery, a...
Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts
The Noida-headquartered company, which is a leading manufacturer of roof liners, floor carpets, sound insulation materia...