Tata Motors to increase prices of passenger vehicle up to Rs 40,000
Mumbai, Dec 13 : Automobile major Tata Motors on Thursday said it will increase prices of its entire passenger vehicles range by up to Rs 40,000 from January 1, 2019.
"The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase," said Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors.
"We are optimistic on maintaining our growth trajectory in the coming year on the back of our robust portfolio consisting of segment-leading products like Tiago, Hexa, Tigor and the Nexon. Early 2019 will also mark the entrance of our most awaited SUV -- the Harrier."