Tata Motors has announced a price hike across its model lineup that will come into effect from April 1, 2018. The decision has been prompted by the increased input costs. The cars that will witness price hike include Tiago hatchback, Tigor compact sedan, Nexon compact SUV and Hexa SUV. All these models will get expensive by up to Rs 60,000.
Mr Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, said: “The rising input costs, changing market conditions and various external economic factors, have compelled us to consider the price increase but we are optimistic on maintaining our growth trajectory in the coming year on the back of our robust product portfolio like Tiago, Hexa, Tigor and Nexon.” Read – Tata H5X SUV To Challenge Jeep Compass
Tata Nexon Picture Gallery
In February 2018, Tata Motors managed to sell 17,771 units accounting a growth of 45% over previous year. The carmaker also witnessed a sales increment of 36% in the commercial vehicle segment. The total monthly sales of the carmaker (including both commercial and passenger vehicle segments) stood at 58,993 units against 42,679 units of the same month last year. It accounts a growth of 38%. Check Out – Upcoming Tata Cars in India
Talking about Tata’s future plans, the company has confirmed that it will launch the H5X premium compact SUV in 2019. This SUV will be positioned against the Hyundai Tucson and Jeep Compass. The Tata 45X premium hatchback is also in the pipeline that made its debut in concept form at the Auto Expo 2018. It will go up against the Maruti Baleno and Hyundai Elite i20.
The carmaker recently unveiled the E-Vision premium sedan at the 2018 Geneva Motor Show. While the showcased model was electric, the India-spec version will use the conventional fuel engine. In the Indian market, the new Tata sedan will take on the Hyundai Verna and Honda City. The company will also bring in a 7-seater SUV (H7X) to rival Toyota Fortuner and Ford Endeavour.
Latest Video – Tata H5X Concept At Auto Expo 2018