JLR to hike prices of select models
Jaguar Land Rover products are retailed from 27 outlets in 25 cities in India.
Pune: Tata Motors-owned British luxury car maker Jaguar Land Rover India on Tuesday said it will increase prices of select products by up to 4 per cent with effect from April 1.
The Mumbai-based maker of popular Jaguar XE, XF, XJ sedans and Range Rover Velar SUV, however, did not specify which models will be affected by the price hike.
"This increase in price is purely inflationary and we are certain that the two global iconic brands, Jaguar and Land Rover, will continue to attract existing and new customers," Rohit Suri, President and Managing Director at Jaguar Land Rover India, said in a statement.
Jaguar Land Rover India's product portfolio under the two iconic brands Jaguar and Land Rover ranges from Jaguar XE with price starting at Rs 40.61 lakh to Range Rover tagged at Rs 1.79 crore.
Jaguar Land Rover products are retailed from 27 outlets in 25 cities in India.
Last week, Toyota Kirloskar Motor had also announced that it would increase prices of some of its products from next month in order to offset rise in input cost.