Tata Motors Passenger Vehicles Ltd.

Tata Motors, the country’s largest automobile company, will hike prices of its passenger vehicles with effect from January 1, 2017. The hike in passenger vehicles will be in range from Rs 5,000 up to Rs 25,000 depending on model. This step has been taken to offset increase in input cost. The increase in prices of raw material commodities like steel, aluminium, copper and rubber over a period of time has put a lot of pressure on the company.

The company sells a range of passenger vehicles, including the entry-level small car Nano, the newly launched hatchback Tiago and crossover vehicle Aria, at a price range of Rs 2.18 lakh to Rs 17.29 lakh (ex-showroom Delhi).

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.