Tata Motors has increased prices of its passenger vehicles, except small car Nano and premium crossover Aria, by up to Rs. 12,000 to mitigate the impact of high input costs.
“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”.
Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in January 2012 were 87,465 vehicles, higher by 16% over January 2011. The company’s domestic sales of Tata commercial and passenger vehicles for January 2012 were 80,382 nos., higher by 14% over 70,475 nos., sold in January last year.
Cumulative sales (including exports) for the company for the fiscal are 714,235 nos., a growth of 11% over 642,415 nos., sold last year.
Sales of the Tata Nano were 7,723 nos., higher by 15%, compared to 6,703 nos., sold in January, last year. The Indica range sales were 11,534 nos., higher by 9%, over 10,591 nos., sold in January, last year. The Indigo range recorded sales of 9,272 nos., higher by 10%, over 8,456 nos., sold in January, last year. The Sumo/ Safari/ Aria/ Venture range accounted for sales of 6,140 nos., a growth of 38%, over 4,462 nos., sold in January, last year.
Jaguar Land Rover sales in India continued their upward trend. Tata has just moved to spot number Two. But will the company be able to maintain this position is a question which only time can answer.