Tata Motors hikes passenger vehicle prices

Chandigarh, July 9

Tata Motors has increased prices of its passenger vehicle range with immediate effect to partially offset the impact of rising input costs.

A weighted average increase in price of 0.55 per cent will come into effect starting Saturday across the range, depending upon the variant and model, the auto major said in a statement.

The company has taken extensive measures to absorb a significant portion of the increased input costs, it said.

“However, to offset the residual impact of the accumulated increase in input costs, it is passing on a minimised price hike,” it added.

The company sells a range of models, including Punch, Nexon, Harrier and Safari, in the domestic market.

Tata Motors has already hiked prices of its commercial vehicles range by 1.5 – 2.5 per cent from this month. —with PTI