Tata Motors today announced that it will increase the prices of select passenger vehicles as well as utility vehicles from April 1, 2011.
“Despite continuous cost control initiatives, the company is being forced to take these increases on account of steep rise in input costs,” the company said in a release.
In passenger cars segment, depending upon the model, Indica prices will go up by Rs 7000 to Rs 9000, Vista and Indigo CS by Rs 8000 to Rs 11000 and Manza by Rs 10,000 to Rs 15,000.
In utility vehicles segment, depending upon the model, Sumo prices will go up by Rs 13000 to Rs 15,000, Grande by Rs 16,000 to Rs 19,000, Safari by Rs 18,000 to Rs 29,000, Aria by Rs 30,000 to Rs 36,000 and Venture by Rs 9000 to Rs 12,000.
Recently, Honda Siel Cars India also announced a price hike of 2-3% in all of its products (except the luxury sedan Accord) from April 1. Other auto makers are expected to follow suit and their decisions are expected before end of March 2011.