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Tata Motors mulls hike in Indica, Indigo prices

20 Sep 2010 Evaluate

Tata Motors is understood to be mulling a hike in the price of its passenger cars, Indica and Indigo, by a “significant” amount with effect from October 1 next month. The hike in prices is to minimise the impact of rising input costs, particularly tyres. However, Tata Motors spokesperson declined to comment on the development. The country’s largest carmaker, Maruti Suzuki, had also announced an increase in prices, driven by high commodity prices, in August. Maruti had hiked the prices of all of its models, except the Alto, by up to Rs 7,500.

Another auto giant, Hyundai Motors, hiked the prices of its vehicles from this month. Hyundai Motor India increased the prices of its products across models by up to 1.2 per cent from September 1. The upward revision in the prices was necessary to offset rising input costs especially that of commodities. Hyundai sells cars such as Santro, Verna, i10, i20 and Sonata.

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