Auto major Tata Motors plans to hike prices of its passenger vehicles by about 1 per cent from next month. The Mumbai-based company, however, is currently reviewing the market situation with regards to its commercial vehicle business for a similar step and will take a call later.
‘While there is to be about 1 per cent hike in our passenger vehicles pricing, the commercial vehicles business continues to review the situation and will take a call subsequently,’ a Tata Motors spokesperson said.
Tata Motors markets a range of vehicles, ranging from passenger cars to heavy duty commercial vehicles. Last week, leading car-makers Maruti Suzuki India and Hyundai had also announced to hike prices from January, joining the likes of Mercedes, BMW, Audi and Honda.
‘While there is to be about 1 per cent hike in our passenger vehicles pricing, the commercial vehicles business continues to review the situation and will take a call subsequently,’ a Tata Motors spokesperson said.
Tata Motors markets a range of vehicles, ranging from passenger cars to heavy duty commercial vehicles. Last week, leading car-makers Maruti Suzuki India and Hyundai had also announced to hike prices from January, joining the likes of Mercedes, BMW, Audi and Honda.