Following car manufacturers like Isuzu and Toyota’s intentions to hike prices, Tata Motors will be raising the prices of all the passenger cars in their line-up to cope up with the rising input costs. Similar announcements were made by Isuzu and Toyota some days ago. Tata cars will be dearer up to Rs 25,000 from January next year though the exact hiked amount for every vehicle is not announced yet.
Commenting on the price hike, Tata Motors passenger vehicle business president, Mayank Pareek, said, “The changing market conditions, rising input costs and various external economic factors have compelled us to consider the price increase. We are optimistic on 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.”