 "Tata Motors to hike prices of passenger vehicles by 1.2% from Feb")
Tata Motors on Friday said it will increase prices of its internal combustion engine-powered passenger vehicle range by 1.2 per cent on a weighted average basis from February 1.
The company 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 passing on some portion through this hike, the auto major said in a statement.
Effective February 1, 2023, the weighted average increase will be 1.2 per cent, depending on the variant and model, it added.
The company sells various models like Nexon, Harrier, Safari and Punch in the domestic market.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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