New Delhi
Tata Motors is all set to hike prices of its passenger vehicles (PV) by up to Rs 60,000 from April 1 to offset rising input costs.
Tata motors sells a myriad of passenger vehicles beginning with Gen X Nano at a starting price of Rs2.28 lakh to premium SUV Hexa with price going up to Rs 17.42 lakh (ex-showroom Delhi).
“The rising input costs, changing market conditions and various external economic factors, have compelled us to consider the price increase,” Tata Motors President, Passenger Vehicle Business, Mayank Pareek said.
He however said the company is optimistic on maintaining its growth trajectory in the coming year on the back of a “robust product portfolio like Tiago, Hexa, Tigor and Nexon”.
