Tata Motors has announced the price increase across its entire model lineup in the country. The price hike is between Rs 5,000 (for the entry-level small car Nano) to Rs 12,000 (on the range-topping model). The price hike is said to done to offset the rising production costs. Also Read – Upcoming Tata Cars in India
Commenting on the recent price hike, Mayank Pareek, president of the passenger vehicle unit at Tata Motors, said “We have hiked prices of our passenger vehicles by one per cent ranging between Rs 5,000 and Rs 12,000 due to rising input costs”. Read – Tata Tiago – Explained in 10 Quick Points
Apart from Tata Motors, Hyundai and Maruti Suzuki too announced a price hike across their complete product lineup increasing prices by Rs 82,906 and Rs 20,000 respectively. A few days back, Renault India increased prices of all its cars by up to 2% (i.e. Rs 2,600 – Rs 27,000). We expect the same announcement to follow from Mahindra & Mahindra in the next few days.
As for now, Tata Motors is gearing up for the Hexa launch that will go on sale in January 2017. Though, the bookings for the SUV will be commenced from November 1, 2016. With a 156bhp, 2.2-litre VARICOR 400 diesel engine, the Hexa will become the most powerful car in its league. The car also has first-in-segment racecar mapping feature, new-gen electronic stability program (ESP) and a new ‘Super Drive Modes’. Besides launching the Hexa, the home-grown carmaker will also introduce the Kite 5 sub-4 meter sedan and Nexon compact SUV in the country.