The company, which had increased prices in April by 3%, however, said it expected sales momentum to continue despite the hike. “We have been working on cost cutting, but the problem of input cost pressure is piling up and we will be taking a price increase on our passenger vehicles by August,” Tata Motors president - passenger vehicles business unit - Mayank Pareek said.
Tata Motors on Wednesday said it will hike prices of its passenger vehicles across models by up to 2.2% from August to offset increased input costs.
“We have been working on cost cutting, but the problem of input cost pressure is piling up and we will be taking a price increase on our passenger vehicles by August,” Tata Motors president - passenger vehicles business unit - Mayank Pareek said.