Tata Motors said it will increase prices of its passenger vehicles range by up to Rs 25,000 from April on account of rising input costs and external economic conditions. The company joins the likes of Toyota and Jaguar Land Rover which have also stated that they would hike prices of select models from April.
"The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase," Tata Motors President, Passenger Vehicle Business Unit Mayank Pareek said in a statement.
Tata Motors currently sells a range of passenger vehicles which includes the likes of the Tata Tiago, Tata Harrier, Tata Nexon and more. Tata Motors had recently bagged orders for over 2,500 commercial passenger transportation vehicles (CVs) from various institutional customers and it is in the process of delivering these units.
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