Saturday, 11 February 2012

Tata Motors raises prices of its cars in India - Leaves Nano and Aria

Indian companies have been hit by the recent spurt in the prices of the raw materials and that has forced the auto maker to increase the prices of its cars in India again by Rs 12,000 this time. The car maker says the price rise has been effective from yesterday.

The car maker says the negative factors had been impacting us from a long time now and we were restricting ourselves to pass on the same to our customers but sadly this had to be done now.

However, the car maker spared its entry level Nano and Compact Crossover Tata Aria from the recent increase. Seems like car makers is already feeling the pressure of low sales of the above mentioned cars.

"The high input costs have been impacting us for quite some time. We have decided to pass on some burden to our customers. The quantum of the hike will vary between Rs 7,000 and Rs 12,000 depending on the model," a company spokesperson told PTI.

Similarly, General Motors India also increased product prices by between 0.5 per cent and 1.75 per cent for models including the Spark, Beat, Cruze and Tavera, translating into an increase ranging from Rs 3,000 to Rs 15,000.

Similarly, Toyota Kirloskar Motors, Mahindra & Mahindra and Hyundai too followed the trend earlier and have already hiked the prices.


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