Tata and other carmakers to hike vehicle prices from April
22/03/2018
NEW DELHI, Mar 21: Automakers Tata Motors and Nissan India have announced they will increase the prices of their models from next month in order to partially offset the impact of rising input costs.
In a statement, Tata Motors said it would hike prices of its passenger vehicles (PV) by up to Rs 60,000 from April 1. “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 of maintaining its growth trajectory in the coming year on the back of a "robust product portfolio like Tiago, Hexa, Tigor and Nexon".
The company sells a range of passenger vehicles, from the Gen X Nano at a starting price of Rs 2.28 lakh to premium SUV Hexa with the price going up to Rs 17.42 lakh (ex-showroom Delhi).
Similarly, Nissan said it will increase prices of its vehicles, including products under the Datsun brand, by up to 2 per cent in India from next month. Read more Last week, German luxury carmaker Audi had 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.
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