Tata Motors Passenger Vehicles Ltd.

Tata Motors has hiked the price of its recently launched hatchback Tiago in the range of Rs 5,000 to Rs 6,000 as the introductory pricing period ended this month. The Mumbai-based auto major had launched the compact model in April, priced between Rs 3.2 lakh and Rs 5.6 lakh (ex-showroom Delhi).

The company has added a second shift at its Sanand - based manufacturing facility to ramp up the production to reduce the long waiting period for the car. The company has over 30,000 bookings for the hatchback. The Tiago, which was officially named Zica, had to be renamed following the mosquito-borne disease of similar name. The car comes on a completely new platform (new Revotron 1.2 L petrol engine and the first 1.05 L Revotorq diesel engine).

Tata Motors is India's largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.