Tata Motors Passenger Vehicles Ltd.

Tata Motors, the country’s leading auto major plans to hike prices of its passenger vehicles by about 1 percent from next month, joining the likes of Mercedes, BMW, Audi and Honda. The company is currently reviewing the market situation with regards to its commercial vehicle business for a similar step and will take a call later.

Besides, Maruti Suzuki is also planning to hike prices of its products from next month. The company will increase vehicle prices as input costs have been going up.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.