Tata Motors to hike prices of passenger vehicles

Mumbai, March 20: Automobile major Tata Motors on Tuesday said it will increase prices of its entire passenger vehicles range by up to Rs 60,000 due to rising input costs.

According to the company, the new prices will be effective from April 1, 2018.

"The rising input costs, changing market conditions and various external economic factors have compelled us to consider the price increase but we are optimistic on maintaining our growth trajectory in the coming year on the back of our robust product portfolio like Tiago, Hexa, Tigor and Nexon," said Mayank Pareek, President, Passenger Vehicle Business, Tata Motors.