Mumbai: Automobile major Tata Motors on Tuesday(Feb 1) hiked prices of its passenger vehicles by Rs.2,000 to Rs.35,000.
“In line with the cess levies from the budget announcement, we are increasing the prices of our passenger vehicles with immediate effect,” said a spokesperson for Tata Motors.
According to the company, prices have been raised in the range from Rs.2,000 to Rs.35,000, based on the exact cess amount for the specific category.
On Monday, Finance Minister Arun Jaitley proposed to impose an infrastructure cess ranging from one to four percent on passenger vehicles in the Union Budget 2016-17.
Tata Motors hikes passenger vehicle prices