India’s leading automaker, Tata Motors Limited (TML) announced a price hike of up to Rs60,000 on its Passenger Vehicle (PV) models effective April 1, 2018. The price hike will vary depending on the model. As per Mr. Mayank Pareek, President, Passenger Vehicle Business, Tata Motors, the price hike was being taken to offset effect of rising input costs, changing market conditions and external economic factors.
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