<p>Home-grown auto major Tata Motors today said it will hike prices of its passenger vehicles by up to Rs 25,000 from next month in order to offset increased input costs.<br /><br /></p>.<p>The company will be increasing prices of its passenger vehicles starting from Rs 5,000 up to Rs 25,000, depending on the model, Tata Motors said in a statement. The increase is effective January 1.<br /><br />"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 result, we are forced to hike prices of our passenger vehicles," Tata Motors President (passenger vehicle business) Mayank Pareek said.<br /><br />The company is witnessing good demand for its cars and has witnessed month-on-month growth on the back of the recently-launched Tiago, he added.<br /><br />Tata Motors sells a range of passenger vehicles, including the entry-level small car Nano, the newly launched hatchback Tiago and crossover vehicle Aria, at a price range of Rs 2.18 lakh to Rs 17.29 lakh (ex-showroom Delhi).<br /><br />Yesterday, Renault India announced plans to increase prices of its vehicles by up to 3 per cent from next month to offset increased input costs.<br /><br />Earlier, Toyota Kirloskar Motor (TKM) had announced hike in prices of its vehicles by up to 3 per cent from next month to offset increased input cost and consistent upward trend in foreign exchange rates.</p>
<p>Home-grown auto major Tata Motors today said it will hike prices of its passenger vehicles by up to Rs 25,000 from next month in order to offset increased input costs.<br /><br /></p>.<p>The company will be increasing prices of its passenger vehicles starting from Rs 5,000 up to Rs 25,000, depending on the model, Tata Motors said in a statement. The increase is effective January 1.<br /><br />"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 result, we are forced to hike prices of our passenger vehicles," Tata Motors President (passenger vehicle business) Mayank Pareek said.<br /><br />The company is witnessing good demand for its cars and has witnessed month-on-month growth on the back of the recently-launched Tiago, he added.<br /><br />Tata Motors sells a range of passenger vehicles, including the entry-level small car Nano, the newly launched hatchback Tiago and crossover vehicle Aria, at a price range of Rs 2.18 lakh to Rs 17.29 lakh (ex-showroom Delhi).<br /><br />Yesterday, Renault India announced plans to increase prices of its vehicles by up to 3 per cent from next month to offset increased input costs.<br /><br />Earlier, Toyota Kirloskar Motor (TKM) had announced hike in prices of its vehicles by up to 3 per cent from next month to offset increased input cost and consistent upward trend in foreign exchange rates.</p>