Come Jan 1, you’ll have to pay up to Rs 40,000 more for Tata Motors’ cars

1 min read
Tata

New Delhi : Tata Motors Thursday said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from January 1, 2019, to offset the impact of rising input costs and increase in fuel prices.

The company’s passenger vehicles portfolio ranges from entry-level small car Nano to the premium SUV Hexa, which are currently priced between Rs 236,000 and Rs 1.797 million (ex-showroom Delhi).

The company will launch its new premium SUV Harrier in January.

“The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase,” Tata Motors President of Passenger Vehicles Business Unit Mayank Pareek said in a statement.

The company would be increasing prices of its entire passenger vehicles range by up to Rs 40,000 (depending on the model and city), starting January 1, 2019, the statement added.

Tata Motors joins other companies such as Maruti Suzuki, Toyota Kirloskar, BMW and Isuzu, which have also said they would increase prices of their vehicles from January, citing impact of increase in commodity prices and foreign exchange rates.

Pareek said despite the price hike, Tata Motors is “optimistic on maintaining our growth trajectory in the coming year on the back of our robust portfolio”.

“Early 2019 will also mark the entrance of our most awaited SUV the Harrier,” he said.

(Except for the headline, this story has not been edited by The Kashmir Monitor staff and is published from a syndicated feed.)

Discover more from The Kashmir Monitor

Subscribe now to keep reading and get access to the full archive.

Continue reading

Don't Miss

ggg

Paradise calling: New survey says Kashmir most sought-after destination for solo traveling

Srinagar: Jammu and Kashmir is one of the most sought-after destinations for
RRR 1

RRR knocks out `The Kashmir Files’, earns Rs 257 Cr on Day 1  

S Rajamouli’s RRR (Roudram Ranam Rudiram) has knocked out `The Kashmir Files’