Tata Motors have announced that their vehicles, both passenger and commercial will be dearer, effective from 1st October 2010. It’s notable that even Mahindra and Mahindra had recently announced an increase in the price of their vehicles citing higher input costs as a reason.
The price increase in applicable primarily on the Tata Indica/Indigo series in cars, and will vary in the range of Rs 4,500 to Rs 14,000 depending on the model. In utility vehicles, the price increase is on Tata Sumo and Tata Grande MK II, in the range of Rs. 7,800/- to Rs.10,300. Just like Mahindra, Tata Motors have also cited the increase in input costs as a reason for price hike.
The price increase in commercial vehicle is in the range of Rs. 5,000/- to Rs. 40,000/- which is on account of increase in input costs and introduction of higher specifications in vehicles, meeting BSIII emission norms.