Tata Motors hikes passenger car costs

Tata Motors on Saturday stated it has elevated costs of its passenger car vary with instant impact to partially offset the impression of rising enter prices.

A weighted common improve in value of 0.55 per cent will come into impact beginning Saturday throughout the vary, relying upon the variant and mannequin, the homegrown auto main stated in an announcement.

The firm has taken intensive measures to soak up a good portion of the elevated enter prices, it stated.

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

The firm sells a variety of fashions together with Punch, Nexon, Harrier and Safari within the home market.

Tata Motors has already hiked costs of its industrial automobiles vary by 1.5 – 2.5 per cent from this month.