1. Home
  2. Automobiles
  3. India 2nd largest car manufacturer company Tata Motors again hikes prices of passenger vehicles on rising input cost

India 2nd largest car manufacturer company Tata Motors again hikes prices of passenger vehicles on rising input cost

By Priyanka Verma 
Updated Date

New Delhi: On Saturday, India 2nd largest car manufacturer company Tata Motors announced that it has increased the prices of its passenger vehicle range with immediate effect to partially offset the impact of rising input costs. On Friday, Tata Motors reported a 32 per cent year-on-year growth in the group’s global passenger vehicle wholesales to 2,12,914 units.

Also Read :- Luxury carmaker Audi launched its new Audi Q7 limited edition in India at Rs. 88.08 lakh: Check other details

The domestic auto major said in a statement, The weighted average increase of 0.55 per cent will be applicable across all ranges from Saturday, depending on the variant and model. The statement further said that The company has taken comprehensive measures to absorb a significant part of the increased input cost.

In the domestic market, the company sells a rang of models including Punch, Nexon, Harrier and safari. The company statement also said, “However, to offset the residual impact of the accumulated increase in input costs, it is passing on a minimised price hike,” it added.

India 2nd largest car manufacturer company Tata Motors Already this month, has increased the prices of its commercial vehicles by 1.5 – 2.5 percent.

Also Read :- Hyundai Motor India launched its new Venue N Line in India: Check price and other details
Further reading:
For the latest news and reviews, follow us on Facebook, YouTube and Twitter पर फॉलो करे...