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Tata Motors hikes prices by up to Rs 12,000

Yahoo! India Finance
Fin - Yahoo! Finance India - IN

Tata Motors has increased prices of its passenger vehicles by up to Rs 12,000 to counter the impact of high input costs.

The hike has not affected the prices of its low-priced Nano and luxury crossover Aria models, the automaker told Press Trust of India (PTI) on Friday.

"The high input costs have been impacting us for quite some time. We have decided to pass on some burden to our customers. The quantum of the hike will vary between Rs 7,000 and Rs 12,000 depending on the model," a company spokesperson told the news agency.

The company said the price hike has been effective from Thursday across the country.

Tata Motors reported a 16 percent rise in January sales, the company said last week.

The company sold  87,465 vehicles in January 2012, versus 75,423 cars in the year-earlier period. These figures, however, do not include the luxury Jaguar and Land Rover brands.