Tata Motors has announced that there would be a hike in the prices of its series of passenger vehicles from April 2019 onwards. The increase in cost is reported to be up to Rs 25,000. As per the company, this development is due to the rise in input costs and external economic circumstances.
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As per Mr Mayank Pareek, President of Passenger Vehicle Business Unit at Tata Motors, “The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase. We are confident of maintaining our growth trajectory in the coming months on the back of our robust portfolio consisting of segment-leading products like the Tata Harrier, Tata Hexa, Tata Nexon, Tata Tiago and the Tata Tigor.”
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