Tata Motors has announced that the Company would be increasing prices of its passenger vehicles range by up to INR 25,000, starting April 2019. This hike in price is due to rising input costs and external economic conditions.
According to Mr. Mayank Pareek, President, Passenger Vehicle Business Unit, Tata Motors, "The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase. We are confident of maintaining our growth trajectory in the coming months on the back of our robust portfolio consisting of segment-leading products like TIAGO, HEXA, TIGOR, NEXON and the HARRIER."
Shares of TATA MOTORS LTD. was last trading in BSE at Rs.175.4 as compared to the previous close of Rs. 179.85. The total number of shares traded during the day was 972209 in over 6033 trades.
The stock hit an intraday high of Rs. 182 and intraday low of 174.9. The net turnover during the day was Rs. 172656271.