Mumbai, December 13, 2018: Tata Motors has announced that it will increase the prices of its entire passenger vehicles range by up to Rs 40,000 (depending on the model and city), starting 1st January 2019. This hike in price is due to rising input costs and increase in fuel prices.
The company has arrived at this decision after assessing the changing market conditions, rising input costs and various external economic factors. Commenting on the announcement, Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors said, “We are optimistic on maintaining our growth trajectory in the coming year on the back of our robust portfolio consisting of segment-leading products like Tiago, Hexa, Tigor and the Nexon. Early 2019 will also mark the entrance of our most awaited SUV – the Harrier. We are confident that the Harrier will receive all the love from our existing and prospective customers and will further help us in strengthening our brand salience.”