Indica, Indigo, Manza, Safari, Venture Sumo Victa and Grande prices will be hiked in April
For the second time in 2011, Tata Motors has announced that it will hike the price of its cars in April by upto Rs. 36,000. However, the new price hike is not applicable for the company’s cheapest car, the Tata Nano.
By how much?
The Indica family of models (V2 alone) will be dearer by Rs. 7,000 – Rs. 9,000. The Vista and Indigo CS will be costlier by Rs. 8,000 to Rs. 11,000 and the Tata Indigo Manza’s price will increase by Rs. 10,000 – Rs. 15,000 from April 1st 2011 onwards. Among the Utility Vehicles segment, the prices of Tata Sumo Victa will rise by Rs. 13,000 to Rs. 15,000 and that of Sumo Grande will go up by Rs. 16,000 to Rs. 19,000. Tata Safari will become costlier by Rs. 18,000 to Rs. 29,000. Tata Aria will be dearer by Rs. 30,000 – Rs. 36,000. The newly launched MPV, Tata Venture will also be dearer by Rs. 9,000 – Rs. 12,000. Also read: Honda price hikes coming
In January, Tata Motors announced the price hike of its models. The company increased the prices from as low as Rs. 3,000 to Rs. 14,500 depending on the cars and variants. The company reasoned that the increase in input costs was the reason for price hike. Even this time, in a statement, Tata Motors has mentioned that the company has been forced to increase the price of its cars in April, on account of steep rise in input costs.
Other car makers to announce price hike soon
Honda, the Japanese auto giant, has announced a 2-3% price hike for its Indian models except for the newly launched Accord luxury sedan. Ford India has stated that the company will take a call on the price hike by the end of March. There are chances that GM (General Motors) India will also join these car makers in announcing price hikes in the following month. All the car manufacturers blame that the rising input costs are the only reason for the price revision of their models.