Tata Motors to hike car prices by up to Rs 25,000

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Mumbai (IANS): Automobile major Tata Motors will increase prices of its passenger vehicles range by up to Rs 25,000 starting April 2019.

The company said in a statement on Saturday that the prices will be hiked due to rising input costs and external economic conditions.

According to Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors: “The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase.”

“We are confident of maintaining our growth trajectory in the coming months on the back of our robust portfolio consisting of segment-leading products like Tiago, Hexa, Tigor, Nexon and Harrier.”

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