Wednesday, March 21, 2012

Tata Motor to hike vehicle price


Tata Motors has announced a hike of up to Rs35,000 on its commercial and passenger vehicles. 

“The price hike is proportionate to the increase in the corresponding excise duty announced in the Union Budget,” said a Tata Motors spokesperson. 

The budget hiked the excise duty from 10% to 12%. The company upped the prices on March 16. 

The increase in prices could be anywhere between Rs2,000 and Rs35,000 depending on the model, the spokesperson added. 

The passenger car segment will see a price hike of Rs2,000-8,000, while utility vehicle segment will see hikes in the Rs8,000-35,000 range. The company did not give details regarding model-wise hike in prices. 

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