Tata Motors is expected to announce a price hike across its passenger models in India soon. The company has already confirmed that the hike will come into effect sometime during the festive season and the company is working on the details.
The upcoming price increase of Tata is to offset the impact of increasing input cost. While the quantum of the price hike is yet to be known, it is said that Tata's new hatchback, the Tiago, will also fall in the list. The Tiago, one of the most successful models of Tata in recent times is currently registering average monthly sales of 4,000 units. The Tiago has garnered over 40,000 bookings in the country since its launch in April and currently commands a waiting period of up to three months.
Powered by a 1.2-litre three-cylinder Revotron petrol and a 1.05-litre three-cylinder Revotorq diesel under the hood, the Tiago has crossed over 40,000 bookings. The petrol variant of the Tiago churns out 83.8bhp of power at 6,000rpm and 114Nm of torque at 3,500rpm, while the diesel mill produces 69bhp of power at 4,000rpm and 140Nm of torque at 1,800-3,000rpm. Both the engines come mated to a five-speed manual gearbox.
Earlier in August, car-makers like Maruti Suzuki, Renault and Hyundai Motor India Limited hiked prices of their vehicles in India. While Maruti Suzuki hiked the prices in the range of Rs. 1,500 to Rs. 20,000, Hyundai increased the prices by up to Rs. 20,000. Honda also joined the price hike bandwagon in September with the hike of up to Rs 14,250.
