Asia Bizz: Tata Motors India is set to hike the prices of some of its passenger and utility vehicles, as a result of ever increasing ‘input costs’. The announcement was made by the Indian motor company on Friday, and in a statement, Tata Motors said that the price rise will come into effect on April 1, 2011.
According to Tata Motors, customers will see a price hike of between Rs. 7,000-Rs. 15,000 for passenger vehicles , while the cost of utility vehicles is likely to see a price increase of Rs. 13,000- Rs. 36,000.
So which are SUV’s that are going to be affected because of the new price rise? The price the Tata Sumo is set to shoot up by around Rs. 13,000-15,000, Tata Safari will see a jump of Rs. 18,000-29,000, while Tata Grande will rise by Rs 16,000-19,000.
On the other hand, Â passenger cars like the Indica will be dearer by Rs. 7,000-Rs. 9,000, Tata Vista and the Indigo CS will see jump of Rs. 8,000-Rs. 11,000, while the cost of the Tata Manza will increase by Rs. 10,000- Rs. 15,000.
A few days ago, Tata stated that the sales of it’s vehicles across the world increased by around 14%, possibly due to the increased wealth of middle class bracket as well as the availability of loans.
In January 2011, the company had also hiked the prices of several of their passenger, utility and commercial vehicles.