Mumbai: Tata Motors plans to raise prices of all its passenger vehicles by up to 1.5% from next month onwards except that of Nano and the newly-launched Aria.
The increase is on account of surging input costs, the Tata group company said.
“We will increase prices of all our passenger vehicles by 1-1.5% from January due to higher input costs,” Tata Motors’ vice-president (Commercial, Passenger Cars Business Unit), R. Ramakrishnan told reporters on the sidelines of an event here.
“We will increase prices for all passenger vehicles except the Nano and the newly-launched Aria,” he said.
Major car-makers such as Hyundai Motor India, Volkswagen and General Motors have also said that they plan to up prices to offset the pressure from rising raw materials costs, including natural rubber.