Tata Motors to increase prices of its passenger vehicles, effective from 1 May

RNS: Tata Motors, India’s leading vehicle manufacturer today announced that it will marginally increase the price of its passenger vehicles from 1 May this year.

The weighted average increase will be 0.6%, depending on the variant and model.

Tata Motors has been absorbing a significant portion of the increased costs on account of regulatory changes and a rise in overall input costs and is hence compelled to pass on some proportion through this hike.

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