TATA MOTORS HIKES PRICES BY UP TO RS 12000 LEAVES NANO ARIA

Tata Motors hikes prices by up to Rs 12000 leaves Nano Aria

To mitigate the impact of high input costs the company has decided to hike the prices of its cars which has been effective from 9 February 2012 across the country.

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 7000 and Rs 12000 depending on the model a company spokesperson told. He however said this price increase exercise will not include Nano and Aria.

Last month other passenger vehicle majors Maruti Suzuki and General Motors increased the prices of their various models by up to Rs 17000 to offset rising input costs and the impact of currency fluctuation. Maruti Suzuki India (MSI) hiked prices of its vehicles except for entry-level sedan DZire by between 0.3 per cent and 3.4 per cent. This translated into a minimum increase of Rs 2400 on the SX4 sedan and a maximum of Rs 17000 on the diesel variant of its Swift hatchback.


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 3000 to Rs 15000. GM India however left the prices of its Aveo Aveo UVA Optra and Captiva SUV models unchanged.


Toyota Kirloskar Motor had also hiked the prices of its different models including the Liva and Etios between 0.75 per cent and 3 per cent from January 1 onward. Mahindra andamp Mahindra increased the price of its latest SUV the XUV500 by up to Rs 55000. Hyundai Motor India which had in December said it would increase prices of its vehicles by 1.5-2 per cent from this year however has not taken the step as yet.