Tata Motors has hiked the price of its recently launched hatchback Tiago in the range of Rs 5,000 to Rs 6,000 as the introductory pricing period ended this month.
The Mumbai-based auto major had launched the compact model in April, priced between Rs 3.2 lakh and Rs 5.6 lakh (ex-showroom Delhi).
The car comes on a completely new platform (new Revotron 1.2-litre petrol engine and the first 1.05-litre Revotorq diesel engine).
The company has added a second shift at its Sanand-based manufacturing facility to ramp up the production and reduce the long waiting period for the car.
The company claims to have over 30,000 bookings for the hatchback.
Earlier this month, Maruti Suzuki India had hiked prices of its various models by up to Rs 20,000. Hyundai Motor India had also hiked prices by up to Rs 20,000 across models from August 16, to offset rising input costs and impact of rupee depreciation.
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On the other hand, Ford India has slashed prices of select variants of its compact sedan Ford Aspire and Figo hatchback by up to Rs 91,000 to increase sales.
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Ford Slashes Aspire, Figo Prices by Upto Rs 91,000 in India
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