Till now many cars manufacturers hiked the prices for the upcoming year and now Tata Motors has also joined this line-up and will hike the prices of its model range by up to Rs 40,000. The prices will be into effect from January 1, 2019.
The brand took this step because of the rising cost of inputs and fuels. Mayank Pareek, President (Passenger Vehicle Business Unit), Tata Motors in a statement said, “The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase”.
He also added that the brand is pretty confident about their present portfolio and the upcoming Harrier SUV that the growth will be maintained stably in 2019.
The Indian automaker- Tata Motors is all set to launch the models- Tiago and Tigor JTP which shows their activeness in the Indian market and also the all-new Harrier and the 45X concept which will debut as premium hatchbacks will compete with the rivals Maruti Baleno. The Tata Motors also announced that the Indica VC and Indigo eCS will not be produced any more.