Tata Motors to hike prices of passenger vehicles by upto Rs 25000
New Delhi : Tata Motors on Monday said it will increase prices of its entire passenger vehicle range by up to Rs 25,000, starting from January, due to rising input costs.
"The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase," said Mayank Pareek, President, Passenger Vehicle Business, Tata Motors.
"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 the recently launched NEXON," he said.
The statement said the introductory prices of the recently launched lifestyle compact SUV, NEXON, which comes with Level NEX design, performance and technology features, will be ending by December 31. This entire range will also witness a price hike by up to Rs 25,000.