Tata Motors plans to raise prices by up to 1.5%
Sep 20 2013 , Mumbai
The price increase comes on the back of higher input costs, a company spokeswoman said on Friday.
On Thursday, Hyundai Motor's India unit said it would raise prices by 4,000 rupees to 20,000 rupees for most of its vehicles, citing a weaker rupee and inflation. General Motors and Toyota Motor Corp have also raised prices in the country.
Rising fuel prices and interest rates in a slowing economy have hurt the Indian automobile market, and vehicle sales are expected to fall in the current fiscal year ending March 2014.