Pune: Less than 20 days from the dawn of the New Year, Tata Motors on Monday announced an increase in prices of its passenger vehicles across the board by up to Rs 25,000 due to rising input costs. The hike in prices of the entire range will come into effect from January 2018, Tata Motors said in a media statement.
“The changing conditions, rising input costs and various external economic factors have compelled us to consider the price increase. We are optimistic of 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,” Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, said.
The introductory prices of recently launched lifestyle compact SUV Nexon will end by December 31 and the entire range will see a price hike from January 2018.
