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  Business   Companies  20 Mar 2018  Tata Motors to hike PV prices by up to Rs 60,000 from April 1

Tata Motors to hike PV prices by up to Rs 60,000 from April 1

PTI
Published : Mar 20, 2018, 1:48 pm IST
Updated : Mar 20, 2018, 1:48 pm IST

The rising input costs, changing market conditions and various external economic factors, have compelled to consider price increase.

Company sells a range of passenger vehicles beginning with Gen X Nano at a starting price of Rs 2.28 lakh.
 Company sells a range of passenger vehicles beginning with Gen X Nano at a starting price of Rs 2.28 lakh.

New Delhi: Tata Motors on Monday said it would hike prices of its passenger vehicles (PV) by up to Rs 60,000 from April 1 to offset rising input costs.

The company sells a range of passenger vehicles beginning with Gen X Nano at a starting price of Rs 2.28 lakh to premium SUV Hexa with price going up to Rs 17.42 lakh (ex-showroom Delhi).

"The rising input costs, changing market conditions and various external economic factors, have compelled us to consider the price increase," Tata Motors President, Passenger Vehicle Business, Mayank Pareek said.

He however said the company is optimistic on maintaining its growth trajectory in the coming year on the back of a "robust product portfolio like Tiago, Hexa, Tigor and Nexon".

Last week, German luxury carmaker Audi announced price hike in the range of Rs 1-9 lakh, effective April 1 to pass on the impact of increased customs duty in the Budget. 

Tags: tata motors, passenger vehicles, price hike, gen x nano
Location: India, Delhi, New Delhi