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Tata Motors to raise passenger vehicle prices by up to Rs 20,000

"Due to the impact of various macro-economic factors, Tata Motors has decided to increase the prices of its passenger vehicles, with the maximum increase being upto Rs 20,000 on some models," Tata Motors said in a statement.

twitter-logo PTI   New Delhi     Last Updated: December 14, 2015  | 20:18 IST
Tata Motors to raise passenger vehicle prices from January
The company sells various models from entry level Nano GenX to multi purpose vehicle Aria, priced between Rs 1.99 lakh and Rs 15.51 lakh (all ex-showroom Delhi).

Tata Motors said on Monday it would hike price of its entire passenger vehicle model range by up to Rs 20,000 from January.

"Due to the impact of various macro-economic factors, Tata Motors has decided to increase the prices of its passenger vehicles, with the maximum increase being upto Rs 20,000 on some models," Tata Motors said in a statement.

The company sells various models from entry level Nano GenX to multi purpose vehicle Aria, priced between Rs 1.99 lakh and Rs 15.51 lakh (all ex-showroom Delhi).

Already various car makers including Maruti Suzuki India, Hyundai Motor India, Toyota, General Motors India and German luxury car makers Mercedes Benz and BMW have announced a hike in prices of their vehicles across models from January to offset rising input costs.

Experts say carmakers usually come up with such year-end announcements which help them clear inventories left after the heavy festival discounts on vehicles.

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