The price hike of up to Rs. 60,000 across range will come into effect from April 1, 2018 as increasing input costs and economic factors are cited as the reasons
Tata Motors has officially stated that it will be increasing the prices of models from its domestic portfolio comprising of hatchbacks, sedans and SUVs. Buyers will have to shell out additional amount as the price hike across the entire range goes up to Rs. 60,000.
It will vary based on the different vehicles and their respective variants. The new price hike will come into effect from the beginning of financial year 2018-19. Across Tata dealerships spread in different parts of the country, the increased price range will be noticeable from April 1, 2018 onwards.
The homegrown automaker has cited the rise in input costs and market conditions amidst other economical factors as main reasons behind the price jump. Tata’s existing fleet features entry-level Nano small hatchbacks, Tiago and Bolt compact hatchbacks, Tigor subcompact and Zest compact sedans, Nexon subcompact SUV, Safari Storme SUV and the range-topping Hexa crossover.
The brand has enjoyed success with the Impact design philosophy based Tiago and Nexon in terms of sales numbers as they are the current best-selling products within the range. The Tigor and Hexa have been credited with decent sales as well by being highly capable products.
Tata took the 2018 Auto Expo by storm by unveiling two new concepts based on the Impact Design 2.0 as the 45X and H5X concepts will be giving way to a production premium hatchback rivalling Maruti Suzuki Baleno and Hyundai Elite i20 and a premium SUV competing against Hyundai Creta and Jeep Compass respectively.
Tata celebrated 20 years of presence at the recently concluded Geneva Motor Show with the sleek and stylish EVision concept and it will give rise to a Honda City rival by the end of this decade.