Friday, December 27, 2013

Tata cars to get costlier by October

Tata Motors, India's one of the largest passegner car manufacturers, is possible to hike the price of its passenger cars, Tata Indica and Indigo. As per some news reports, the company is all set to increase the price of its passenger cars by next month. The company plans to hike the prices for minimizing the effect of growing input costs, particularly the tyres. The internal communication also indicated important price increase in Indica and Indigo from October 1. Though, when a spokesperson of Tata Motors was approached for commenting on this recent development, he declined to do so. It is also worth mentioning here that Hyundai Motors, the other auto giant has increased the prices of its vehicles from this month itself. On the other hand, Hyundai Motor India has already hiked the prices of its vehicles by up to 1.2 percent from first September 2010. This revision in the prices was required for balancing the growing input costs. Benind of them, Maruti Suzuki, India's most popular car brand, has also planned to hike the price of its popular cars in India. Tata Motors is also planning to introduce the new crossover car model, Tata Aria by the end of this current calender year. Apart from that launch, Indian bike lovers will get the new cars in India that includes Skoda Yeti, Hyundai Santa Fe, Maruti Cervo and Maruti Kizashi.

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