Tata Motors raises prices by up to Rs 12,000 excluding Nano, Aria
Tata Motors recently hiked the prices of its passenger vehicles excluding its small car, Tata Nano along with the premium crossover, Tata Aria. The company has raised the prices by up to Rs. 12000 to pacify the burn of soaring input costs.Tata Motors said that the price upshot has been effectual since yesterday across India. According to a spokesperson of Tata Motors, the lofty input costs have been affecting the company in a negative way since a long time now.
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Therefore the company has made a decision to pass on some of their burden on to their consumers by increasing prices on its passenger vehicles. The hiked prices range from Rs. 7000 to Rs. 12000 totally depending on the model. Furthermore he also mentioned that there will be no increase in the prices of Tata Nano and Tata Aria. In January 2012, big champions of the Indian car market, such as General Motors and Maruti Suzuki also hiked their prices on numerous models by up to Rs. 17000 to diminish the impacts of high input costs and the deflation of Rupee value. However, General Motors India didn’t hike the prices of its few models, which comprise of Chevrolet Aveo U-VA, Aveo, Chevrolet Captiva SUV and Chevrolet Optra.
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Even Toyota Kirloskar Motors also raised its prices of different car models, which also includes Toyota Etios twins. Mahindra and Mahindra and Hyundai Motors India were not behind in the race. On one hand, M&M hiked the price of its much appreciated SUV, Mahindra XUV 500 by up to Rs. 55000, whereas Hyundai mentioned in December last year that it will soon increase its car prices by 1.5 too2% in 2012, but so far the firm hasn’t increased the prices.
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