Tata Motors said that it would be increasing prices ofits entire passenger vehicles range by up to INR. 25,000, starting January 2018. This increase in price is due to rising input costs.
Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, “ We are optimistic on maintaining our growth trajectory in the coming year on the back of ourrobust product portfolio like TIAGO, HEXA, TIGOR and the recently launched NEXON.”
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 31st December and this entire range will also witness a price hike from January 2018 by upto INR. 25,000.
While Ford India also stated that it will increase prices of its models by up to 4 % from January