The Indian auto giant, Tata Motors has announced a price hike on its cars which will be in effect from 1st day of 2017. So in case if you were looking to buy a Tata car in future this is your time you book a one before the price officially gets higher on all Tata cars.
Tata recently managed to fight it up to 3rd position in the Indian car market. The company managed to make it to this position largely due to the success of its new hatchback, Tiago. The company will also be launching the all new Hexa on 18th January next year, know everything about it by clicking here!
Tata has announced a price hike across its whole line up to Rs 25,000. When talking about the new Tiago, the company will be increasing the price on its latest hatchback for the third time. As the car received the first price hike of Rs 6,000 in August and then again in October and now in January. The company states that macroeconomics factors in India have forced the company to hike the price on its entire line-up.
According to Mr. Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, “The increase in prices of raw material commodities like steel, aluminium, copper and rubber over a period of time has put a lot of pressure on us and as a resultant we are forced to hike prices of our passenger vehicles.”