Tata cars will become more dearer as the vehicle manufacturer announces to hike prices across all the models starting from Rs. 5,000 upto Rs. 25,000, depending on the model. The price hike is a result of increasing prices of raw materials like steel, aluminium, copper and rubber.
Talking about the price hike, Tata Motors, Passenger Vehicle Business, President, Mr. Mayank Pareek said –
“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. We are seeing good demand for our cars and have witnessed month on month growth owing to the TIAGO. We are gearing up for our next launch of the HEXA in January 2017.”
Interestingly, the next-hike will be the 3rd rise for the Tata Tiago since its launch in April-2016.
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