Tata Motors to hike prices from Jan 1

New Delhi, December 13

Tata Motors on Thursday said it will hike prices of its passenger vehicles across models by up to Rs 40,000 from January 1, 2019, to offset the impact of rising input costs and increase in fuel prices.

The firm’s passenger vehicles portfolio ranges from entry-level small car Nano to premium SUV Hexa. It will launch its premium SUV Harrier in January. Tata Motors joins Maruti, Toyota  and Isuzu, which have also said they would hike prices of their vehicles from January. — PTI

Ford to follow suit 

Ford India will hike prices of its models by up to 2.5% from January. It sells a range of models, from compact utility vehicle Freestyle (starting price Rs 5.23 lakh) to sports car Mustang (Rs 74.62 lakh).