Tata Motors has declared that it will hike the prices of all range models in April 2018 onwards. This hike is a result of increased input costs to the company. Depending on the models, we can expect a price hike up to Rs. 60,000.
The President, Passenger Vehicle Business, Tata Motors, Mayank Pareek said, “The rising input costs, changing market conditions and various external economic factors, have compelled us to consider the price increase but we are optimistic about maintaining our growth trajectory in the coming year on the back of our robust product portfolio like Tiago, Hexa, Tigor, and Nexon.”
The currently existing price of Tata’s models:
| Tata Hexa |
INR 11.85-17.42 lakhs |
| Tata Nexon |
INR 5.99-9.62 lakhs |
| Tata Safari Storme |
INR 10.55-15.50 lakhs |
| Tata Zest |
INR 5.28-8.70 lakhs |
| Tata Tigor |
INR 4.71-7.00 lakhs |
| Tata Tiago |
INR 3.26-5.85 lakhs |
Tata Motors is also planning to launch more product models in India in upcoming 1 to 1.5 years. The new models based on the Tata H5X and Tata 45X concepts are also expected to come in the market along with AMT in Nexon models. The EVision sedan concept revealed at the Geneva Motor Show will finish its production by 2020.
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