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Tata Motors to increase prices of its passenger vehicles from January 2019

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Automobile manufacturers Tata Motors has said that it would increase the prices of its entire passenger vehicles range by up to Rs. 40,000, depending on the  model and city, starting January 1, 2019.
 
"This hike in price is due to rising input costs and increase in fuel prices," a press release from the company said here on Thursday.
 
Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors, said, “The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase. 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 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," he added.
 
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