Tata Motors may hike car prices

Tata Motors may soon announce price hikes of cars to offset rising input and freight costs.

"Cost of inputs has been increasing for the last two years. Don't be surprised at price hikes," Rajiv Dube, senior vice-president (passenger cars) of Tata Motors, said today.

Maruti Udyog and Hyundai India had increased prices earlier this month citing rising pressures due to hike in input and freight costs.

Tata Motors' passenger vehicle sales, including cars, fell 2% in the first half of the current fiscal to 84,141 units from 85,948 units in the same period last fiscal.

Dube said the company would be "able to cover" this loss in numbers in the second half. "We are hopeful to cover the fall in numbers in the remaining six months," he said.